Which of the Following Will Shift the Consumption Function Upward

question 160

Multiple Choice

Which of the following will shift the consumption function upward?

• A)A tax increase.
• B)Higher capacity utilization rates.
• C)Higher disposable income.
• D)Lower wealth holdings.
• E)Expectations of inflation.

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Definitions:

Consumption Bundle

The collection of all the goods and services consumed by a given individual.

Satisfaction

The feeling of pleasure or contentment resulting from achieving one's goals or meeting one's needs and desires.

Marginal Utility

The extra utility or pleasure a person receives by using an additional unit of a good or service.

High-Speed Internet

Internet service that offers significantly faster download and upload speeds compared to traditional dial-up Internet, enhancing user experience for streaming, gaming, and browsing.