Which of the following correctly explain why the TE curve is upward sloping because the consumption function is upward sloping? Check all that apply. Keynes assumed that consumption and disposable income move in the same direction, but consumption changes by more. Keynes assumed that as consumption increases, disposable income decreases. Keynes assumed that as disposable inc

Keynes assumed that as disposable income changes, consumption changes in the same direction but by less.

Explanation:

As we know that when the income rises, the disposable income also rises also consumption but the same contains the MPC factor i.e. attributed and lower than or equivalent to 1.

In the case when there is a rise in the consumption due to the rise in the income so the rise in the consumption would be lower than the rise in the income

Therefore the above is the answer

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi