Because of Recent Corporate Downsizing, Chuck Loses His Job

question 204

Multiple Choice

Because of recent corporate downsizing, Chuck loses his job.The most likely effect on his consumption function is a(n)

• A)movement downward along the function.
• B)shift upward of the function.
• C)shift downward of the function.
• D)increase in consumption expenditures.

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Definitions:

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