Between 2013 and 2014 the government estimates that disposable income in the United States decreased. Consequently, as a result of this change, consumption expenditure
A) remained constant.
B) decreased.
C) increased.
D) More information is needed about how taxes changed between 2013 and 2014.
Correct Answer:
Verified
Q31: Autonomous consumption is equal to
A) saving when
Q32: Q33: The positive slope of the consumption function Q34: If real disposable income increases by $1,500, Q35: If disposable income increases Q37: Which of the following will NOT shift Q38: The consumption function shows how much Q39: The slope of the consumption function is Q40: The slope of the consumption function is Q41: In a diagram with the consumption function,
A) the consumption function
A) all
A)
A)
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