If People Become Pessimistic About the State of the Economy

question 30

True/False

If people become pessimistic about the state of the economy, the consumption function shifts downward.

---

Definitions:

Outcome

The result or effect of an action, situation, or event.

Curiosity

A strong desire to learn or know something, often leading to exploration and investigation.

Skepticism

An attitude of doubt towards something, often involving questioning the validity or authenticity of certain claims without sufficient evidence.

Humility

The quality of having a modest or low view of one's importance, often allowing individuals to remain open and teachable.