In the diagram, C represents an economy’s starting link between consumption and national income. Which curve could represent the economy’s revised consumption function after the rate of unemployment benefits is cut?
- AC1
- BC2
- CC3
- DC4
Economics 9708 · AS & A Level · Economic growth
In the diagram, C represents an economy’s starting link between consumption and national income. Which curve could represent the economy’s revised consumption function after the rate of unemployment benefits is cut?