Which One of the Following Will Shift the Consumption Function

question 107

Multiple Choice

Which one of the following will shift the consumption function upward?

• A)Higher interest rates.
• B)An increase in real assets.
• C)Expectations of future economic growth.
• D)Lower capacity utilization rates.
• E)A tax increase.

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Definitions:

MBA Degree

Master of Business Administration, a graduate-level degree focusing on business management, operations, and strategy.

μ

The symbol representing the mean or average of a population in statistics.

σ

The symbol for standard deviation in statistics, representing the dispersion or variability of a set of data points.

Normally Distributed

A type of distribution where data points are symmetrically distributed around the mean, forming a bell-shaped curve.