Which of the following factors will cause a movement along the savings function?
A) An increase in personal taxation
B) Expectations of a fall in prices
C) Moving into the recessionary phase of the business cycle
D) Christmas
Correct Answer:
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Q2: In the equation C = a +
Q3: The consumption function can be defined as
Q4: A theory of household consumption that assumes
Q5: The key difference between the Keynesian theory
Q6: The MPS is
A) the fraction of a
Q8: Which of the following would not raise
Q9: Which of the following would not lower
Q10: If the MPS is 0.4, and savings
Q11: If the MPC is 0.8, and savings
Q12: When Richard's income is £20,000 he saves
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