If real disposable income increases by $1,500, consumption expenditures will
A) stay constant.
B) decrease by less than $1,500.
C) increase by less than $1,500.
D) increase by more than $1,500.
Correct Answer:
Verified
Q29: Autonomous consumption
A) increases with income.
B) is independent
Q30: There is a movement along the consumption
Q31: Autonomous consumption is equal to
A) saving when
Q32: Q33: The positive slope of the consumption function Q35: If disposable income increases Q36: Between 2013 and 2014 the government estimates Q37: Which of the following will NOT shift Q38: The consumption function shows how much Q39: The slope of the consumption function is
A) the consumption function
A) all
A)
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