An increase in expected future income
A) decreases consumption expenditure.
B) increases saving.
C) shifts the consumption function upward.
D) shifts the saving function upward.
Correct Answer:
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Q23: Q24: A movement along the consumption function to Q25: The graph of the consumption function has Q26: _ consumption is consumption that will occur Q27: Autonomous consumption is that portion of consumption Q29: Autonomous consumption Q30: There is a movement along the consumption Q31: Autonomous consumption is equal to
A) increases with income.
B) is independent
A) saving when
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