All of the Following Shift the Consumption Function Upward EXCEPT

question 307

Multiple Choice

All of the following shift the consumption function upward EXCEPT

• A) an increase in wealth.
• B) a decrease in the rate of interest.
• C) an increase in income.
• D) an expectation of better economic conditions.

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Definitions:

Probability

A quantitative assessment of an event's probability, given as a number from 0 to 1.

Choosing

The act of selecting from a number of alternatives or possibilities.

Day

A unit of time equivalent to 24 hours, representing the period it takes for the Earth to complete one full rotation on its axis.

Week

A time unit consisting of seven days, commonly used as a standard period for work and rest cycles.