Early industrialization was characterized by labor-saving technology, and this caused U.S. wages to be lower in the manufacturing industry than would otherwise have been the case

Suppose autonomous consumption decreases. This reduction in autonomous consumption will cause which of the following to occur?

A) The consumption function shifts down. B) The consumption function shifts up. C) The consumption function becomes steeper. D) The consumption function becomes less steep.

According to Say's Law,

a. demand creates its own supply b. interest rates never change c. there is never too much or too little spending d. prices never change e. the market for loanable funds is always in equilibrium