The slope of the consumption function is
A) equal to the slope of the 45- degree line.
B) less than the slope of the 45- degree line but not equal to zero.
C) equal to zero.
D) greater than the slope of the 45- degree line.
Correct Answer:
Verified
Q27: An increase in expected future income .
A)
Q28: The consumption function relates consumption expenditure to
A)
Q29: The consumption function shows a
A) positive relationship
Q30: The consumption function relates the consumption expenditure
Q31: If disposable income increases,
A) the consumption function
Q33: The consumption function is the relationship between
Q34: The positive slope of the consumption function
Q35: The graph of the consumption function has
Q36: Which of the following will NOT shift
Q37: A movement along the consumption function to
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