Multiple Choice
Which of the following changes will shift the consumption function upward?
A) an increase in wealth
B) a decrease in wealth
C) a decrease real disposable income
D) an increase in real disposable income
Correct Answer:
Verified
Correct Answer:
Verified
Q24: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" Note: Amounts in
Q363: If the marginal propensity to save (MPS)
Q364: Whenever total planned expenditures differ from real
Q365: If business people become more pessimistic about
Q366: Suppose that the marginal propensity to save
Q367: According to Keynes, the primary determinant of
Q369: With reference to the consumption function, the
Q370: Suppose real disposable income increases by $500.
Q371: How does an increase in the price
Q372: A decrease in autonomous consumption means that<br>A)