Multiple Choice
What is the effect on the consumption function of an increase in disposable income?
A) The consumption function shifts upward.
B) The consumption function shifts downward.
C) There is movement upward along the consumption function.
D) There is movement downward along the consumption function.
E) The consumption function becomes steeper.
Correct Answer:
Verified
Correct Answer:
Verified
Q21: An upward shift of the investment function
Q22: The slope of the consumption function equals
Q23: If income increases by $100 and the
Q24: Net wealth is a _ variable.Consumption and
Q27: The fraction of an increase in income
Q29: The primary determinant of saving is the
Q30: Which of the following will not shift
Q31: Exhibit 9-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 9-3
Q92: Purchases of existing commodities,such as gold and
Q129: The slope of the consumption function equals