Question: In a simple macro model, an increase in households' wealth is generally assumed to Select one: O A. cause an upward shift in the aggregate
In a simple macro model, an increase in households' wealth is generally assumed to Select one: O A. cause an upward shift in the aggregate consumption function. O B. cause no change in desired consumption because the increase is always expected. O C. cause a downward shift in the aggregate consumption function. O D. cause no change in desired consumption because consumption is a function of disposable income only. O E. affect only desired saving, not desired consumption
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