If the real interest rate increases, there is
A) an upward shift of the consumption function.
B) a movement downward along consumption function.
C) a change in the slope of the consumption function.
D) a movement upward along the consumption function.
E) a downward shift of the consumption function.
E
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If average incomes of a nation don't rise over time:
A. improvements in health are impossible. B. improvements in health are still possible. C. improvements in health are still very likely. D. it will have no impact on the nation's ability to improve health.
If the pricing of one firm is partially influenced by what it thinks another firm will do, the two firms are
A) interdependent. B) bundled. C) tied. D) independent.
A minimum wage that is set above a market's equilibrium wage will result in
a. an excess demand for labor, that is, unemployment. b. an excess demand for labor, that is, a shortage of workers. c. an excess supply of labor, that is, unemployment. d. an excess supply of labor, that is, a shortage of workers.
Figure 10-5
In Figure 10-5, which graph best illustrates the situation of an economy near full employment that experiences an increase in autonomous consumer spending?
A. (1) B. (2) C. (3) D. (4)