Which of the following statements is true?

a. When a change in income causes consumption to change, the consumption-income line shifts; however, when anything besides income changes, we move along the line.
b. When a change in income causes consumption to change, we move along the consumption-income line; however, when anything besides income changes, the line shifts.
c. When income or anything else affecting consumption changes, we move along the consumption-income line.
d. When income or anything else affecting consumption changes, the consumption-income line shifts.
e. There is no way to determine, without more information, whether a change in income or anything else will shift the consumption line or cause movement along the consumption-income line.


B

Economics

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Assuming an decrease in money demand, then to keep interest rates constant the Fed must

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

Economics