Multiple Choice
Which of the following would not shift the consumption function upwards?
A) an increase in wealth
B) an increase in disposable income
C) a decrease in the price level
D) a decline in the interest rate
E) a more optimistic outlook about the future
Correct Answer:
Verified
Correct Answer:
Verified
Q29: An increase in the interest rate will
Q91: An increase in wealth will<br>A)increase consumption and
Q92: A simple statement of the consumption behavior
Q94: Which of the following would not shift
Q95: A decrease in real disposable income will<br>A)shift
Q97: The marginal propensity to consume is defined
Q98: Autonomous consumption expenditures are<br>A)identical to induced consumption<br>B)determined
Q99: Saving in our simple model<br>A)varies inversely with
Q100: Which of the following is true of
Q101: An increase in the price level will<br>A)make