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If the Morning Paper Reports That Americans,for the Sixth Month

Question 16

Multiple Choice

If the morning paper reports that Americans,for the sixth month in a row,tend to spend more money and save less,these events would be depicted in an income expenditures model as


A) causing the 45-degree line to slope upward.
B) a downward shift in the supply function.
C) an upward shift in the consumption function.
D) an upward shift in the investment function.
E) a right to left movement along the consumption function.

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