Along the Consumption Function,an Increase in Disposable Income Will

question 58

Multiple Choice

Along the consumption function,an increase in disposable income will:

• A)cause autonomous consumption to rise.
• B)shift the consumption function upward.
• C)cause a corresponding downward shift of the saving function.
• D)cause a movement along the given consumption function.
• E)shift the consumption function downward.

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Definitions:

Chronic Depression

A mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, lasting for two years or more.

Symptoms

Observable signs or indications of a disease or disorder experienced by individuals.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome often less severe than anxiety disorders.

Preparedness

The state of being ready and able to deal with specific situations or tasks.