Exhibit 8-10 Consumption function
?

hIn Exhibit 8-10, which of the following could cause the shift from C1 to C2?

A. higher interest rates
B. an increase in disposable income
C. a decrease in disposable income
D. lower tax rates


Answer: A

Economics

You might also like to view...

Why are consumers in a competitive market considered to be price takers?

What will be an ideal response?

Economics

Monetary policy produces ripple effects, some of which happen quickly and some that can take years to produce change. Which of the following takes the longest to change?

A. Inflation rate B. Monetary policy rate C. Exchange rate D. Monetary base

Economics

Monopolists attempt to capture producer surplus in the form of profits by using price discrimination.

Answer the following statement true (T) or false (F)

Economics

Use the figure below to answer the next question. An increase in an economy's labor productivity would

A. shift the production possibilities frontier from CD to AB. B. move the economy away from point B and toward point A. C. shift the production possibilities frontier from AB to CD. D. move the economy away from point A and toward point B.

Economics