If the Morning Paper Reports That Americans,for the Sixth Month

question 16

Multiple Choice

If the morning paper reports that Americans,for the sixth month in a row,tend to spend more money and save less,these events would be depicted in an income expenditures model as

• A) causing the 45-degree line to slope upward.
• B) a downward shift in the supply function.
• C) an upward shift in the consumption function.
• D) an upward shift in the investment function.
• E) a right to left movement along the consumption function.

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Definitions:

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Fundamental rights and freedoms that are protected from infringement by the government or other entities, such as freedom of speech and religion.

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