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:

Legal Status

The condition of being recognized or categorized by law, typically affecting an individual's or entity's rights and duties.

Carolina

A region in the United States, historically divided into North and South Carolina, known for its roles in the colonial period, slavery, and the Civil War.

Slave Patrols

Organized groups of white men who monitored and enforced discipline upon black slaves in the antebellum U.S. South.

Bacon's Rebellion

A 1676 revolt led by Nathaniel Bacon against the colonial government of Virginia, partially fueled by discontent with how Native American relations were handled.