Solved

Which of the Following Increases the Slope of the Consumption

Question 33

Multiple Choice

Which of the following increases the slope of the consumption function?


A) an increase in the marginal propensity to consume
B) a decrease in the value of consumer durables
C) an increase in consumer confidence
D) an increase in consumer wealth

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q28: As the marginal propensity to consume _,

Q29: Explain why, in a simple economy which

Q30: The marginal propensity to consume is always<br>A)

Q31: Recall the Application about Austrian economist Henry

Q32: Let S =y - (100 + 0.5y).

Q34: Let S =y - (100 + 0.75y).

Q35: Recall the Application about the impact that

Q36: If firms are producing an output greater

Q37: An increase in the income tax rate

Q38: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2855/.jpg" alt=" -Refer to Figure