Which of the following will shift the consumption function upward?
A) A lower interest rate
B) An increase in the interest rate
C) An increase in disposable income
D) A decrease in disposable income
E) Expectations of lower prices in the future
Correct Answer:
Verified
Q16: Which of the following is true of
Q17: The fraction of an increase in income
Q18: If the marginal propensity to consume is
Q19: The marginal propensity to consume:
A)is the proportion
Q20: The most important determinant of a household's
Q22: If income increases by $100 and saving
Q23: A decrease in disposable income will:
A)shift the
Q24: An upward shift of the consumption function
Q25: The slope of the consumption function shows
Q26: Expectations that disposable income will increase in
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