Which of the following will shift the consumption function upward?
A) A tax increase.
B) Higher capacity utilization rates.
C) Higher disposable income.
D) Lower wealth holdings.
E) Expectations of inflation.
Correct Answer:
Verified
Q37: The vertical intercept of the consumption function
Q39: That part of disposable income not spent
Q64: For any given consumption function, autonomous consumption
Q65: If income increases from $110,000 to $120,000
Q68: If Y = $500 billion, autonomous consumption
Q70: Autonomous consumption is consumption that:
A)varies directly with
Q71: If, for a given disposable income level,
Q72: If consumption spending is larger than disposable
Q73: Given the consumption function C = $100
Q74: If Y = $500 billion, autonomous consumption
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents