When the real interest rate falls, there is
A) an upward shift of the consumption function.
B) an increase in the slope of the consumption function.
C) a movement upward along the consumption function.
D) a decrease in the slope of the consumption function.
E) a downward shift of the consumption function.
A
Economics
You might also like to view...
In the above figure, for a single-price monopoly the deadweight loss is equal to the area
A) abP1. B) acP2. C) bce. D) bed. E) P1beP3.
Economics
Refer to Scenario 1-4. Using marginal analysis terminology, what is another economic term for the incremental revenue received from the sale of the last 500 cigars?
A) sales revenue B) gross earnings C) gross profit D) marginal revenue
Economics