If for Some Reason Households Become Increasingly Thrifty, We Could

question 82

Multiple Choice

If for some reason households become increasingly thrifty, we could show this by

• A) a downshift of the saving schedule.
• B) an upward shift of the consumption schedule.
• C) an upward shift of the saving schedule.
• D) a movement down along a stable consumption function.

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Definitions:

Nest

To nest in computing refers to placing one or more elements, such as commands or functions, inside another element of the same type, creating a hierarchy.

IF Functions

A logical function in spreadsheets that returns one value if a condition is true and another value if the condition is false.

Logic

The study of reasoning and argumentation, or a systematic method of arriving at a conclusion based on a set of premises.

Chart Tip

A brief explanatory note or data label that appears when a user hovers over or selects an element within a chart.