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Author Question: At a fixed income level, an increase in consumption which is accompanied by a decrease in savings is ... (Read 68 times)

WhattoUnderstand

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on: Jun 30, 2018
At a fixed income level, an increase in consumption which is accompanied by a decrease in savings is reflected by
 
  A) an upward rotation of the consumption function.
  B) an upward shift of the consumption function.
  C) a movement up along the consumption function.
  D) a downward rotation of the consumption function.

Question 2

A permanent increase in autonomous investment causes
 
  A) a less than proportional increase in real Gross Domestic Product (GDP).
  B) a more than proportional increase in real Gross Domestic Product (GDP).
  C) an offsetting change in saving that leaves real Gross Domestic Product (GDP) at the same level.
  D) a proportional increase in real Gross Domestic Product (GDP).


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BUTTHOL369

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

B

Answer to Question 2

B


WhattoUnderstand

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Reply 2 on: Jun 30, 2018
Excellent

gcook

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Reply 3 on: Yesterday
:D TYSM

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