5. Sketch a graph of the consumption function, labelling the axes of the graph. Discuss the economic
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5. Sketch a graph of the consumption function, labelling the axes of the graph. Discuss the economic meaning of: a)a movement from left to right along the graph of the consumption function 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. LO 7.3 EASY
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