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L e oneoftheabove n 9

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Unformatted text preview: s L equation, we assume that c1 is: A) ifferent at different levels of income. d B) qual to one. e 4) _______ 5) _______ 6) _______ 7) _______ 8) _______ C) egative. n D) arger than c0. l E) one of the above n 9) n increase in the marginal propensity to consume from .6 to .8 will cause: A A) he ZZ line to become steeper and a given change in autonomous consumption (c0) to have t a smaller effect on output. B) he ZZ line to become steeper and a given change in autonomous consumption (c0) to have t a larger effect on output. C) he ZZ line to become flatter and a given change in autonomous consumption (c0) to have t a larger effect on output. D) he ZZ line to become flatter and a given change in autonomous consumption (c0) to have t a smaller effect on output. 10) reduction in the marginal propensity to consume from .7 to .6 will cause: A A) he ZZ line to become flatter and a given change in autonomous consumption (c0) to have t a larger effect on output B) he ZZ line to become steeper and a given change in autonomous consumption (c0) to have t a...
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