Multiple Choice
If the stock market falls by 25 percent next year and remains down, what is most likely to happen to the consumption function?
A) It will shift upward.
B) It will shift downward.
C) It will not shift, but people will move downward along the consumption function.
D) It will not shift, but people will move upward along the consumption function.
Correct Answer:
Verified
Correct Answer:
Verified
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