Consider a Consumption Function That Is Upward Sloping but Flatter

question 58

Multiple Choice

Consider a consumption function that is upward sloping but flatter than the 45-degree line.When real disposable income rises,

• A)desired consumption will fall and saving will rise.
• B)desired consumption will rise and saving will fall.
• C)desired consumption and saving will both rise.
• D)desired consumption remains constant.
• E)saving remains constant.

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