Multiple Choice
An increase in autonomous consumption means that
A) the consumption function shifts down.
B) the consumption function shifts up.
C) the consumption function becomes steeper.
D) the consumption function becomes flatter.
Correct Answer:
Verified
Related Questions
Q15: At a level of real disposable income
Q17: According to Keynes,household planned consumption
A)decreases as disposable
Q18: As real disposable income increases,consumption expenditures
A)stay constant.
B)decrease
Q19: The 45-degree line
A)contains only a consumption component.
B)represents
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