An increase in expected future income ________.
A) shifts the saving function upward
B) decreases consumption expenditure
C) increases saving
D) shifts the consumption function upward
Correct Answer:
Verified
Q133: Autonomous consumption is 50. With every increase
Q134: Q135: A fall in the price level Q136: Q137: The marginal propensity to consume is found Q138: An increase in the price level results Q140: The multiplier is the amount by which Q141: The expenditure multiplier equals Q142: At equilibrium expenditure, unplanned changes in inventory Q143: Which of the following does NOT occur
A)shifts the
A)APC - APS where
A)must
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