All of the Following Will Shift the Consumption Function EXCEPT

question 330

Multiple Choice

All of the following will shift the consumption function EXCEPT

• A)a change in wealth.
• B)a change in the rate of interest.
• C)a change in income.
• D)a change in expectations concerning economic conditions.

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Definitions:

Debtor

An individual or organization that owes money to another party, typically as a result of being lent a sum of money or extended credit.

Default

Failure to pay a debt when it is due.

Mortgage

A legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

Real Property

Land, buildings, and anything permanently attached to them, recognized as real estate or immovable property.