Business, 18.02.2020 02:29, natalie2sheffield
Suppose the marginal propensity to consume changes from 0.75 to 0.90, how will this affect the consumption function?
Group of answer choices:
1. The autonomous consumption will increase
2. The function will exhibit a parallel shift upward
3. The slope will get steeper
4. All the above are incorrect
Answers: 3
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Suppose the marginal propensity to consume changes from 0.75 to 0.90, how will this affect the consu...
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