If Autonomous Consumption Rises,the TE Curve Shifts __________,The Marginal Propensity

question 31

Multiple Choice

If autonomous consumption rises,the TE curve shifts __________,the marginal propensity to consume __________,and the TP curve __________.

• A) upward; rises; shifts downward
• B) upward; remains unchanged; remains unchanged
• C) downward; rises; remains unchanged
• D) upward; remains unchanged; shifts downward
• E) none of the above

---

Definitions:

Standard Oil Trust

A conglomerate of interconnected oil companies controlled by John D. Rockefeller in the late 19th and early 20th centuries, known for its monopolistic practices.

Exxon

An American multinational oil and gas corporation, one of the world's largest publicly traded energy providers and chemical manufacturers.

Mobil

An American oil company now merged with Exxon to form ExxonMobil, one of the world's largest publicly traded international oil and gas companies.

Chevron

An American multinational energy corporation, one of the world's leading integrated energy companies, involved in every aspect of the oil and gas industry.