An upward shift of the consumption function might be caused by:
A) an increase in disposable income.
B) a decrease in disposable income.
C) a decrease in the price level.
D) a decrease in household wealth.
E) an increase in the interest rate.
Correct Answer:
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Q19: The marginal propensity to consume:
A)is the proportion
Q20: The most important determinant of a household's
Q21: Which of the following will shift the
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Q23: A decrease in disposable income will:
A)shift the
Q25: The slope of the consumption function shows
Q26: Expectations that disposable income will increase in
Q27: Which of the following is least likely
Q28: A decrease in net wealth will _.
A)shift
Q29: A decrease in the price level will
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