If the stock market crashes:
A) the aggregate consumption function will shift up
B) the aggregate consumption function will shift up.
C) the aggregate consumption function will shift down
D) the aggregate consumption function will shift down.
E) unplanned inventory investment will be negativ.
F) unplanned inventory investment will be negativ
G) GDP will increase
H) GDP will increase.
Correct Answer:
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Q129: If income increases by $5 billion, and
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
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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
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