An Increase in Autonomous Consumption

question 129

Multiple Choice

An increase in autonomous consumption

• A)shifts the consumption function upward.
• B)shifts the consumption function downward.
• C)creates a movement downward along the consumption function.
• D)creates a movement upward along the consumption function.
• E)changes the slope of the consumption function.

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Definitions:

P-Value

The probability measure indicating the likelihood of obtaining a test statistic at least as extreme as the one that was actually observed, assuming that the null hypothesis is true.

Standard Deviation

A measure of the dispersion or variability within a set of data points, indicating how spread out the data points are from the mean.

Null Hypothesis

A hypothesis used in statistics that proposes no significant difference or effect between specified populations, conditions, or variables.

Type II Error

A Type II Error occurs in hypothesis testing when a false null hypothesis is not rejected, meaning a real effect or difference was missed.