This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The consumption function is drawn on a graph with disposable income on the horizontal axis without ... (Read 103 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wergv

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


skymedlock

  • Member
  • Posts: 561
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Antiparkinson Drugs Focus on Restoring Dopamine Function and Blocking Cholinergic Activity in the Ni Antiparkinson Drugs Focus on Restoring Dopamine Function and Blocking Cholinergic Activity in the Ni
Mark Twain supplemented his income as a writer by giving humorous lectures. Mark Twain supplemented his income as a writer by giving humorous lectures.
Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ... Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ...
The graph shows the effect of sonic tuning of the intake manifold runners. The longer runners ... The graph shows the effect of sonic tuning of the intake manifold runners. The longer runners ...
Vertical and Horizontal Changes in Pressure Vertical and Horizontal Changes in Pressure
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Video: Hormonal regulation of blood pressure - RAA system

For a complete list of videos, visit our video library