Which of the Following Would Not Shift the Consumption Function

question 96

Multiple Choice

Which of the following would not shift the consumption function upwards?

• A)an increase in wealth
• B)an increase in disposable income
• C)a decrease in the price level
• D)a decline in the interest rate
• E)a more optimistic outlook about the future

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Definitions:

New York Convention

An international treaty facilitating the recognition and enforcement of foreign arbitral awards.

Hague Evidence Convention

The Hague Evidence Convention is an international treaty that provides procedures for the transmission of evidence across borders for use in legal proceedings.

Tariffs

Taxes or duties to be paid on a particular class of imports or exports, used by governments to regulate trade.

Nontariff Barrier

Trade restrictions that don't involve tariffs, such as quotas, embargoes, or regulations, affecting the import or export of goods.