Which of the following changes produces an upward shift in the consumption function?
a. An increase in consumer wealth.
b. A decrease in consumer wealth.
c. A decrease in autonomous consumption.
d. Both answers b. and c. are correct.
Which of the following changes produces an upward shift in the consumption function?
a. An increase in consumer wealth.
b. A decrease in consumer wealth.
c. A decrease in autonomous consumption.
d. Both answers b. and c. are correct.
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