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What effect does an increase in the general price level have on the consumption function, according to Keynes?a)Shifts the consumption function upwardb)Shifts the consumption function downwardc)Has no impact on the consumption functiond)Causes a proportional change in consumptionCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What effect does an increase in the general price level have on the consumption function, according to Keynes?a)Shifts the consumption function upwardb)Shifts the consumption function downwardc)Has no impact on the consumption functiond)Causes a proportional change in consumptionCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What effect does an increase in the general price level have on the consumption function, according to Keynes?a)Shifts the consumption function upwardb)Shifts the consumption function downwardc)Has no impact on the consumption functiond)Causes a proportional change in consumptionCorrect answer is option 'B'. Can you explain this answer?.

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