As Canada experiences increasing wealth and increasing expected future income,
A)there is a movement down along the consumption function.
B)the consumption function shifts steadily upward and autonomous consumption increases.
C)the consumption function shifts steadily upward with no change in autonomous consumption.
D)the consumption function shifts steadily upward and autonomous consumption decreases.
E)there is a movement down along the saving function.

Question

Quizplus · Accepted Answer

The Answer of As Canada experiences increasing wealth and increasing expected future income,
A)there is a movement down along the consumption function.
B)the consumption function shifts steadily upward and autonomous consumption increases.
C)the consumption function shifts steadily upward with no change in autonomous consumption.
D)the consumption function shifts steadily upward and autonomous consumption decreases.
E)there is a movement down along the saving function.

As Canada Experiences Increasing Wealth and Increasing Expected Future Income