Multiple Choice
The figure above shows three different consumption functions for a nation.
-Which of the following events could result in the consumption function shifting from CF₀ to CF₂?
A) an increase in disposable income
B) a decrease in disposable income
C) an increase in the real interest rate
D) an increase in wealth
E) an increase in expected future income
Correct Answer:
Verified
Correct Answer:
Verified
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