Multiple Choice
Which one of the following would shift your consumption function in an upward direction?
A) an increase in your wealth
B) a decrease in your wealth
C) an increase in your real disposable income
D) a decrease in your real disposable income
Correct Answer:
Verified
Correct Answer:
Verified
Q383: Which of the following is TRUE?<br>A) MPC
Q384: The marginal propensity to save is<br>A) real
Q385: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Use the above
Q386: Autonomous real investment spending is<br>A) the level
Q387: An increase in the price level causes<br>A)
Q389: As real disposable income decreases, the average
Q390: In the Keynesian model, consumption<br>A) is positively
Q391: Suppose that when disposable income increases by
Q392: In the Keynesian model, whenever planned saving
Q393: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the