Suppose the stock market rises, causing a rapid increase in consumers' wealth. This would lead to
a. a downward movement along the consumption function.
b. a downward shift of the consumption function.
c. an upward movement along the consumption function.
d. an upward shift of the consumption function.
d
Economics
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A production possibilities frontier that is a downward-sloping straight line implies
A) economies of scale. B) diseconomies of scale. C) economies of scope. D) no economies of scope.
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In terms of capital budgeting, explain the difference between risk and uncertainty
What will be an ideal response?
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