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Figure 13-3 -Refer to Figure 13-3. Suppose the Consumption Function Is Given

Question 92

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Figure 13-3 Figure 13-3 -Refer to Figure 13-3. Suppose the consumption function is given by curve C<sub>1</sub>. Which of the following will cause a downward shift to curve C<sub>1</sub>? A) a stock market crash that decreases household wealth B) a decrease in price level C) an increase in withholding tax rate D) rising optimism about economic conditions
-Refer to Figure 13-3. Suppose the consumption function is given by curve C1. Which of the following will cause a downward shift to curve C1?


A) a stock market crash that decreases household wealth
B) a decrease in price level
C) an increase in withholding tax rate
D) rising optimism about economic conditions

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