Answer:
The correct answer is C) Consumption function shifts up
Explanation:
The consumption function is C = a + b x Yd
where:
- C = Total consumption
- a = autonomous consumption
- b x Yd = induced consumption
Autonomous consumption is consumption that does not depend on income. Even if your income is zero, you still have to engage in this type of consumption to survive (for example, food).
When you graph a consumption function, the Y axis represents total consumption and the X axis represents income. Autonomous consumption is located somewhere along the Y axis, with the X being zero. If Autonomous consumption increases, the point in the Y axis will move up, but the point in the x axis will still be zero, hence, the function will shift up.
Answer:
Is the agreement between two or more countries to come in contact with business with each others
A division of society based on social and economic status.
<span>When people in the united states hear that people in other parts of the world eat animals such as rats and bugs, they often react with shock, disgust, or horror as their culture shock makes them feel this behavior is wrong. Culture shock is defined as a sense of confusion and uncertainty that may affect people exposed to different culture or environment. Sometimes there are feelings of anxiety with culture shock.</span>
Exports
Hope it’s right
Wish you luck
