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Author Question: The consumption function is drawn on a graph with disposable income on the horizontal axis without ... (Read 69 times)

skymedlock

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on: Jun 30, 2018
The consumption function is drawn on a graph with disposable income on the horizontal axis without including investment. Assume investment is autonomous and is added to the consumption function. The effect is:
 a. an upward adjustment in the vertical intercept.
 b. no change in the adjustment in the vertical intercept.
 c. an increase in the slope of the consumption schedule.
 d. a decrease in the slope of the planned expenditure schedule.

Question 2

If something is a unit of account, then it:
 a. serves as a yardstick for measuring the relative value of other goods
  b. is a means of holding wealth for the future
  c. is fairly stable
  d. is durable and portable
  e. is accepted as payment for any purchase


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wergv

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


skymedlock

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Reply 2 on: Jun 30, 2018
Excellent

olderstudent

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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