The saving schedule shown in the above diagram would shift downward if, all else equal:
A)the average propensity to save increased at each income level.
B)the marginal propensity to save rose at each income level.
C)consumer wealth rose rapidly because of a significant increase in stock market prices.
D)the real interest rate fell.
Answer:C
The saving schedule shown in the above diagram would shift downward if, all else equal:
A)the average propensity to save increased at each income level. B)the marginal propensity to save rose at each income level. C)consumer wealth rose rapidly because of a significant increase in stock market prices. D)the real interest rate fell.