Which of the following will shift the consumption function upward?
a. An increase in consumer wealth.
b. An increase in the interest rate.
c. An increase in personal income taxes.
d. A decrease in the MPC.
e. An increase in disposable income.
a
You might also like to view...
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Women in the workplace seem to be narrowing the wage gap with males. What might be the cause of this shift during the past 25 years?
In order for the law of diminishing returns to be present, we must have
a. at least one factor of production to be fixed b. output decreasing as more laborers are hired c. the price of labor increasing as more workers are hired d. simultaneous changes in labor and capital e. double the output when labor input is doubled
Suppose the expected price level increases. Which curves in the aggregate demand and aggregate supply model would be affected, and which way would they shift?