Multiple Choice
The decline in consumer spending during the 2008-2009 recession was due in part to a decrease in disposable income.The decline in consumption resulting from the decline in disposable income caused a(n) ________ the consumption function curve.
A) movement up along
B) movement down along
C) downward shift of
D) upward shift of
Correct Answer:
Verified
Correct Answer:
Verified
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