Suppose Autonomous Consumption Increases

question 325

Multiple Choice

Suppose autonomous consumption increases. This increase in autonomous consumption will cause which of the following to occur?

• A) The consumption function shifts up.
• B) The consumption function shifts down.
• C) The consumption function becomes steeper.
• D) The consumption function becomes less steep.

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Definitions:

Outlier

A data point that significantly differs from the other data points in a dataset, often indicating a measurement error or a unique case.

Correlation Coefficient

A value that quantifies both the magnitude and the direction of a straight-line association between a pair of variables.

Box Plot

A graphical representation of the distribution of a data set, showing the median, quartiles, and outliers, used for depicting the spread and skewness of the data.

Outlier

A data point that diverges significantly from the overall pattern of data in a dataset, potentially indicating a measurement error or a new trend.