An increase in the marginal propensity to consume will:
A. Lead to consumption function becoming steeper
B. Shift the consumption function upwards
C. Shift the consumption function downwards
D. Shift savings function upwards
Answer:A
An increase in the marginal propensity to consume will:
A. Lead to consumption function becoming steeper B. Shift the consumption function upwards C. Shift the consumption function downwards D. Shift savings function upwards