The Figure Given Below Represents the Saving Function of an Economy

question 105

Multiple Choice

The figure given below represents the saving function of an economy.
Figure 9.1

-Refer to Figure 9.1. An increase in autonomous consumption would be illustrated by:

• A) an upward shift of the saving function.
• B) a downward shift of the saving function.
• C) a downward shift of the corresponding consumption function.
• D) a movement to the right along the saving function.
• E) a movement to the left along the saving function.

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Definitions:

Time Horizon

The length of time over which an investment, project, or strategic plan is expected to unfold or achieve its goals.

Advertising/Promotion

Techniques and strategies used to communicate the benefits of a product, service, or brand to encourage sales.

Top Executives

Individuals who hold the highest-ranking positions in a company, responsible for making strategic decisions.

Long-Range

Refers to planning, forecasting, or strategies that cover an extended future period, often used to set and achieve long-term goals.