Refer to the above graph. A shift of the consumption schedule from C1 to C2 might be caused by a:
A)recession.
B)wealth effect of an increase in stock market prices.
C)increase in income tax rates.
D)increase in saving.
Answer:B
Refer to the above graph. A shift of the consumption schedule from C1 to C2 might be caused by a:
A)recession. B)wealth effect of an increase in stock market prices. C)increase in income tax rates. D)increase in saving.