Which of the following will NOT shift the consumption function upward?
A) an increase in wealth
B) an increase in disposable income
C) a fall in the real interest rate
D) None of the above shift the consumption function upward.
Correct Answer:
Verified
Q27: If real disposable income increases by $1500,
Q28: The slope of the consumption function is
A)
Q29: As disposable income increases, consumption expenditures
A) increase
Q30: A movement along the consumption function to
Q31: Q33: _consumption is consumption that will occur_ the Q34: If disposable income increases, Q35: The graph of the consumption function has Q36: Autonomous consumption Q37:
A) there is movement
A) increases with income.
B) decreases with
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