Lower real interest rates
a. tend to shift the consumption function upward.
b. have no significant effect on consumption.
c. tend to shift the consumption function downward.
d. tend to move the consumer upward along the consumption function.
b
Economics
You might also like to view...
A supply curve is also a maximum-supply-price curve
Indicate whether the statement is true or false
Economics
How many of the following business cycle facts can be explained if the primary cause of business cycles is temporary changes in total factor productivity: procyclical consumption, procyclical investment, procyclical employment, and procyclical real
wages? A) one B) two C) three D) four
Economics