Multiple Choice
A movement along the consumption function to higher levels of consumption expenditure arises because
A) the level of disposable income decreases.
B) household wealth rises.
C) the level of disposable income increases.
D) the level of desired saving rises.
Correct Answer:
Verified
Correct Answer:
Verified
Q409: An increase in the value of the
Q410: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q411: Intertemporal substitution means changes in purchases<br>A) through
Q412: A decrease in autonomous consumption will<br>A) shift
Q413: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q415: If wealth increases, the consumption function shifts
Q416: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q417: The government increases its expenditures. The steeper
Q418: The smaller the slope of the AE
Q419: Disposable income is equal to<br>A) consumption expenditure