Question: econ 203 lab 3 question 5.a Question 5 [5 points] For all the questions below select the appropriate answer: a) Other things remaining the same,

econ 203 lab 3 question 5.a

Question 5 [5 points] For all the questions below select the appropriate answer: a) Other things remaining the same, if households suddenly decide to save more at each level of income. then the consumption Jnction will: 0 make a parallel shi downward as autonomous consumption expenditure falls. 0 become less steep because the marginal propensity to save {MP3} rises. 0 become steeper because the marginal propensity to consume (MPC) falls. 0 remain unchanged but the savings function will shift downward

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