A decrease in disposable income causes a shift in the consumption function.
Correct Answer:
Verified
Q13: A change in the value of consumer's
Q14: Government spending is a leakage out of
Q15: The tax cuts of 2008 and 2009
Q16: The MPC for a country will likely
Q17: Aggregate demand is the total demand for
Q19: If consumers receive an increase in income
Q20: A scatter diagram could help a policy
Q21: Money-fixed assets include government bonds, corporate bonds,
Q22: When the price level falls, consumers may
Q23: Capital goods are counted the same as
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents