Households in an economy change their consumption behaviour causing the consumption curve to shift from $$\(\mathrm{C}_{1}\)$$ to $$\(\mathrm{C}_{2}\)$$. What has happened to autonomous consumption and the marginal propensity to consume?
A.
B.
C.
D.
Exam No：9708_w24_qp_33 Year：2024 Question No：19
Answer:
C
Knowledge points:
4.2.1 circular flow of income in a closed economy and an open economy: the flow of income between households, firms and government and the international economy
4.2.3 equilibrium and disequilibrium (marginal and average propensities not required)
Solution:
Download APP for more features
1. Tons of answers.
2. Smarter Al tools enhance your learning journey.
IOS
Download
Download
Android
Download
Download
Google Play
Download
Download