Asked by
Marcus Enfiajan
on Nov 11, 2024Verified
Which of the following will not shift the consumption function?
A) A change in household wealth
B) A change in the price level
C) A change in household disposable income
D) A change in the level of unemployment
E) A change in the rate of interest
Household Wealth
The net value of all assets owned by members of a household, including property, investments, and cash, minus liabilities.
Price Level
The mean price point of all goods and services within the economic framework.
Disposable Income
After-tax financial resources available to households for the purposes of saving and spending.
- Understand how various factors shift the consumption function.
Verified Answer
DN
Learning Objectives
- Understand how various factors shift the consumption function.