Sketch a graph of the consumption function, labeling the axes of the graph. Discuss the economic meaning

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Sketch a graph of the consumption function, labeling the axes of the graph. Discuss the economic meaning of (a) a movement from left to right along the graph of the consumption function and (b) a parallel upward shift of the consumption function. Give an example of a factor that could lead to a parallel upward shift of the consumption function.
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Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

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