An increase in disposable income shifts Select one: O a. both the consumption and savings functions downward. O b. the consumption function upward and leads to a movement along the savings function. O c. neither the consumption function or the savings function because it leads to a movement along both the consumption and savings function. O d. both the consumption and savings functions upward.

An increase in disposable income shifts Select one: O a. both the consumption and savings functions downward. O b. the consumption function upward and leads to a movement along the savings function. O c. neither the consumption function or the savings function because it leads to a movement along both the consumption and savings function. O d. both the consumption and savings functions upward.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 1.3P

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