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Author Question: In Figure 11.1, an increase in consumer wealth is represented by a change in the consumption ... (Read 95 times)

Beheh

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on: Jun 30, 2018
In Figure 11.1, an increase in consumer wealth is represented by a change in the consumption function from
 
  A) C1 to C3. B) C3 to C1. C) C2 to C1. D) C1 to C2.

Question 2

According to the Keynesian approach, a decrease in taxes
 
  A) will decrease consumption, as the government will have to spend less.
  B) will not impact consumption, as most consumption is autonomous.
  C) will increase consumption exactly by the amount of the taxes.
  D) will increase consumption by an amount of less than the change in taxes.


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rleezy04

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

A

Answer to Question 2

D


Beheh

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Reply 2 on: Jun 30, 2018
Excellent

Dnite

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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