Multiple Choice
A shift in the consumption function:
A) is based on the marginal propensity to consume.
B) can be caused by a change in the price level.
C) can be caused by a change in GDP.
D) cannot be caused by a change in expectations.
Correct Answer:
Verified
Correct Answer:
Verified
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Q81: Exhibit 8-6 Consumption function<br><br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg" alt="Exhibit 8-6
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Q84: Exhibit 8-2 Consumption function<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg" alt="Exhibit 8-2