Along the Consumption Function,an Increase in Disposable Income Will

question 58

Multiple Choice

Along the consumption function,an increase in disposable income will:

• A)cause autonomous consumption to rise.
• B)shift the consumption function upward.
• C)cause a corresponding downward shift of the saving function.
• D)cause a movement along the given consumption function.
• E)shift the consumption function downward.

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Definitions:

Carbonic Acid

A weak acid formed when carbon dioxide is dissolved in water, playing a significant role in the carbon cycle and blood pH regulation.

Carbon

A chemical element with symbol C, atomic number 6, and is the basis of all known life on Earth, found in organic compounds.

Oxygen

A chemical element essential for most life on Earth, involved in cellular respiration and acting as a critical component of the air.

Atomic Mass

The total number of protons and neutrons in an atom; expressed in atomic mass units or daltons.