An increase in disposable income shifts
A) both the consumption and savings functions upward.
B) the consumption function upward and leads to a movement along the savings function.
C) both the consumption and savings functions downward.
D) neither the consumption function nor the savings function because it leads to a movement along both the consumption and savings functions.
Correct Answer:
Verified
Q59: Dissaving
A) is equal to consumption expenditure when
Q60: Where the consumption function crosses the 45°
Q61: The saving function shows a _ relationship
Q62: What is the marginal propensity to consume?
A)
Q63: Saving rather than dissaving occurs at any
Q65: The marginal propensity to consume is equal
Q66: At a level of disposable income of
Q67: An increase in disposable income
A) shifts the
Q68: The marginal propensity to consume is
A) total
Q69: The marginal propensity to consume is the
A)
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