Multiple Choice
A movement along the consumption function to higher levels of consumption expenditure arises because
A) the level of disposable income decreases.
B) household wealth rises.
C) the level of disposable income increases.
D) the level of desired saving rises.
Correct Answer:
Verified
Related Questions
Q19: Disposable income is equal to
A) consumption expenditure
Q20: If firms set prices and then keep
Q21: A movement along the consumption function is
Q22: As disposable income increases, consumption expenditures
A) increase
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