If we plot the accounting definiton Y = C +1 and the consumption function C=cY on axes labelled C and Y, an increase in the popensity to consume will lead to: a. a change in the slope of the national accounting definition b. a change in the slope of the consumption function c. a change in the intercept of the national accounting definition d. a change in the intercept of the consumption function

If we plot the accounting definiton Y = C +1 and the consumption function C=cY on axes labelled C and Y, an increase in the popensity to consume will lead to: a. a change in the slope of the national accounting definition b. a change in the slope of the consumption function c. a change in the intercept of the national accounting definition d. a change in the intercept of the consumption function

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter9: Aggregate Expenditures

Section: Chapter Questions

Problem 7E

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