If Americans became more pessimistic about the economy,what would happen to the consumption-income line?
A) A rightward movement along the line
B) A leftward movement along the line
C) The entire line would shift upward
D) The entire line would shift downward
E) The entire line would shift downward and there would be a rightward movement along the new line

Question

Quizplus · Accepted Answer

A more pessimistic outlook on the economy would result in a decrease in consumption, which would shift the line downward.

If Americans Became More Pessimistic About the Economy,what Would Happen