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 105 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
:D TYSM

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Structure and function of a chemical synapse. Structure and function of a chemical synapse.
How to plot a cosine function containing an amplitude and phase-shift (Question 2 of 2) How to plot a cosine function containing an amplitude and phase-shift (Question 2 of 2)
How to find an angle in radians for any given trigonometric function How to find an angle in radians for any given trigonometric function
A Structure/Function Label Claim A Structure/Function Label Claim
Testing motor function of cranial nerve VII - Puff cheeks Testing motor function of cranial nerve VII - Puff cheeks
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Cardiac Cycle (Part 2 of 4)

For a complete list of videos, visit our video library