If Consumers' Expectations About Future Income Are Very Optimistic, Then

question 138

Multiple Choice

If consumers' expectations about future income are very optimistic, then we should expect

• A)the consumption function to shift downward.
• B)consumers to move up along the consumption function.
• C)the consumption function to shift upward.
• D)consumers to move down along the consumption function.

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Definitions:

Subject

The topic being discussed or the entity that performs the action in a sentence.

Predicate

The part of a sentence or clause containing a verb and stating something about the subject, or in logic, the attribute or characteristic expressed by the verb.

Predicate

The part of a sentence or clause containing a verb and stating something about the subject.

Empire State Building

An iconic American skyscraper located in Midtown Manhattan, New York, known for its height and historical significance.