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Question 56

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Exhibit: Consumption Functions
Figure 13-3 Use the following to answer questions . Exhibit: Consumption Functions Figure 13-3   -(Exhibit: Consumption Functions)  Suppose the consumption function is given by curve C<sub>1</sub>. Which of the following will cause an upward shift to curve C<sub>2</sub>? A)  a decrease in wealth B)  an increase in price level C)  an increase in interest rates D)  an increase in consumer confidence
-(Exhibit: Consumption Functions) Suppose the consumption function is given by curve C1. Which of the following will cause an upward shift to curve C2?


A) a decrease in wealth
B) an increase in price level
C) an increase in interest rates
D) an increase in consumer confidence

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