Which of the following would be most likely to shift the consumption function downward?
A. A stock market crash
B. A price level decrease
C. Increased corporate profits
D. A stock market boom
Answer: A
Economics
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The economy tends to be more stable with a __________ LM curve causing interest rates to be rather __________ to shifts in the IS curve
A) steeper; sensitive B) steeper; insensitive C) flatter; sensitive D) flatter; insensitive
Economics
Which of the following is least likely to be considered a capital input?
A) a sewing machine B) a tractor C) a telephone D) a ten dollar bill
Economics