-In the Above Figure,a Change in Autonomous Consumption to $4

question 266

Multiple Choice

-In the above figure,a change in autonomous consumption to $4 trillion with no change to the MPC would cause the consumption function to

• A) become steeper.
• B) become flatter.
• C) shift downward.
• D) shift upward.

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Definitions:

Ionization

The process by which an atom or a molecule acquires a negative or positive charge by gaining or losing electrons.

Important Factor

A significant element or aspect that contributes to a result or outcome.

Gas

A state of matter consisting of particles that have neither a defined volume nor defined shape, typically able to expand freely.

Market Revolution

Refers to the significant economic transformation in the United States during the early 19th century, characterized by rapid developments in transportation, commercialization, and industrialization, leading to profound changes in society and the economy.