When the price level falls, consumers may feel wealthier and the consumption function will shift upward.
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Q17: Aggregate demand is the total demand for
Q18: A decrease in disposable income causes a
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,
Q23: Capital goods are counted the same as
Q24: Government purchases are included in national product.
Q25: A savings account is an example of
Q26: The temporary tax cuts of 2008 and
Q27: Financial investments, such as mutual fund purchases,
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