An Upward Shift in the Consumption Function Must

question 32

Multiple Choice

An upward shift in the consumption function must

• A) reduce equilibrium GDP.
• B) be accompanied by a downward shift in the saving function.
• C) reduce the value of the multiplier.
• D) increase the volatility of the investment process.
• E) reduce the amount of consumption at equilibrium.

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Definitions:

Break Statement

A control flow statement used to exit loops or switch statements prematurely in various programming languages.

Switch Statement

A control statement in programming that allows a variable to be tested for equality against a list of values, each with a set of statements to be executed.

Logical Operator

Operators used in programming to perform logical operations like AND, OR, and NOT, typically used in decision-making processes.

!=

A relational operator in programming that checks if two values are not equal to each other.