Use the Following to Answer Questions

question 56

Multiple Choice

Use the following to answer questions .
Exhibit: Consumption Functions
Figure 13-3
-(Exhibit: Consumption Functions) Suppose the consumption function is given by curve C₁. Which of the following will cause an upward shift to curve C₂?

• A) a decrease in wealth
• B) an increase in price level
• C) an increase in interest rates
• D) an increase in consumer confidence

---

Definitions:

Offensive Race-Related Comment

A derogatory or harmful remark directed at someone based on their race or ethnicity.

Legal Requirements

Mandatory obligations enforced by law that individuals or entities must comply with.

Human Resource Activity

Actions or tasks conducted by the human resources department including hiring, training, benefits administration, and compliance with labor laws.

Employment Equity Program

Initiatives aimed at promoting equal opportunity in the workplace by eliminating discrimination and addressing imbalances in the representation of certain groups.