Illustrate the effect on the consumption function


Problem

In the diagram draw a linear consumption function. Illustrate the effect on the consumption function of an increase in net wealth. Then illustrate the effect on the consumption function of an increase in the price level.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Illustrate the effect on the consumption function
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