A downward shift of the consumption function can be caused by:
A) a decrease in income.
B) a decrease in income
C) an increase in income.
D) an increase in income
E) expectations of higher permanent incom.
F) expectations of higher permanent incom
G) a decrease in wealth
H) a decrease in wealth.
Correct Answer:
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Q130: The consumption function depends on:
A)income.
B)income
C)expected income.
D)expected income
E)wealth
F)wealth.
G)income,
Q131: If your income increases from $10,000 to
Q132: Which factor is NOT a determinant of
Q133: If your income increases from $10,000 to
Q134: If the stock market crashes:
A)the aggregate consumption
Q136: An upward shift of the consumption function
Q137: In a simple, closed economy (no government
Q138: A downward shift of the consumption function
Q139: An upward shift of the consumption function
Q140: In a simple, closed economy (no government
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