Refer to the information provided in Figure 8.1 below to answer the questions that follow. Figure 8.1
-Refer to Figure 8.1. An increase in the MPC
A) makes the consumption function flatter.
B) makes the saving function flatter.
C) shifts the consumption function upward.
D) shifts the saving function downward.

Question

Refer to the information provided in Figure 8.1 below to answer the questions that follow.  Figure 8.1
-Refer to Figure 8.1. An increase in the MPC
A) makes the consumption function flatter. 
B) makes the saving function flatter. 
C) shifts the consumption function upward. 
D) shifts the saving function downward.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 8.1 below to answer the questions that follow.  Figure 8.1
-Refer to Figure 8.1. An increase in the MPC
A) makes the consumption function flatter. 
B) makes the saving function flatter. 
C) shifts the consumption function upward. 
D) shifts the saving function downward.

Refer to the Information Provided in Figure 8