The consumption function is drawn on a graph with disposable income on the horizontal axis without including investment. Assume investment is autonomous and is added to the consumption function. The effect is:
a. an upward adjustment in the vertical intercept
b. no change in the adjustment in the vertical intercept.
c. an increase in the slope of the consumption schedule.
d. a decrease in the slope of the planned expenditure schedule.
a
Economics
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The Humphrey-Hawkins Act requires the Fed to promote
A) stable prices. B) maximum employment. C) moderate long-term interest rates. D) all of the above E) none of the above
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