Multiple Choice
The figure given below shows the consumption functions of an economy.
Figure 9.4
-Refer to Figure 9.4. Which of the following could explain a downward shift of the consumption function from C1 to C3?
A) An increase in household wealth
B) A decrease in the proportion of young people in the population
C) An increase in the size of the population
D) A decrease in consumer confidence
E) An autonomous decrease in saving
Correct Answer:

Verified
Correct Answer:
Verified
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