Multiple Choice
-In the above figure, a change in autonomous consumption to $4 trillion with no change to the MPC would cause the consumption function to
A) become steeper.
B) become flatter.
C) exhibit a parallel shift downward.
D) exhibit a parallel shift upward.
Correct Answer:

Verified
Correct Answer:
Verified
Q309: Read the two statements below and indicate
Q310: The positive relationship between consumption expenditure and
Q311: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above
Q312: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q313: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q315: With consumption expenditure on the vertical axis
Q316: Components of aggregate expenditure include saving, consumption
Q317: In the short run with fixed prices,
Q318: What is the relationship between the slope
Q319: The multiplier is greater than 1 because