Which of the following will NOT shift the consumption function upward?
A) an increase in disposable income
B) a fall in the real interest rate
C) an increase in wealth
D) None of the above shift the consumption function upward.
Correct Answer:
Verified
Q22: As disposable income increases, consumption expenditures
A) increase
Q23: Q29: Autonomous consumption Q30: There is a movement along the consumption Q31: Autonomous consumption is equal to Q40: The slope of the consumption function is Q40: A movement along the consumption function is Q42: When disposable income equals consumption expenditure, then
A) increases with income.
B) is independent
A) saving when
A)
A)
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