Along the Aggregate Consumption Function,an Increase in Income Will

question 128

Multiple Choice

Along the aggregate consumption function,an increase in 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 movement along the given consumption function
• E)shift the consumption function downward

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Definitions:

Natural Rights

Rights that individuals are born with, which are not contingent upon laws, customs, or beliefs, often including the right to life, liberty, and property.

American Revolution

The period (1765-1783) during which thirteen of Britain's North American colonies successfully fought for their independence to become the United States of America.

Thomas Jefferson

The third President of the United States (1801-1809), principal author of the Declaration of Independence, and a founder of the Democratic-Republican Party.

First Continental Congress

A meeting of delegates from 12 of the 13 American colonies in 1774, convened to respond to Britain's Intolerable Acts, leading to the drafting of the Declaration of Independence.