An increase in the income-dependent portion of the consumption function would correspond to a
A. Movement along the consumption function to the right.
B. Movement along the consumption function to the left.
C. Shift of the consumption function downward.
D. Shift of the consumption function upward.
Answer: A
Economics
You might also like to view...
Using the information in the table above, what does GDP equal?
A) $365 billion B) $350 billion C) $650 billion D) $380 billion E) GDP cannot be calculated without information on the amount of investment.
Economics
Many countries remain poor because they currently are poor. This statement summarizes the:
A. infrastructure problem. B. vicious circle of poverty. C. demographic transition problem. D. problem of capital flight.
Economics