Which of the following will NOT shift the consumption function upward?
A. an increase in disposable income
B. a fall in the real interest rate
C. an increase in wealth
D. None of the above shift the consumption function upward.
Answer:A
Which of the following will NOT shift the consumption function upward?
A. an increase in disposable income B. a fall in the real interest rate C. an increase in wealth D. None of the above shift the consumption function upward.