Suppose when disposable personal income increases from $10,000 to $15,000, consumption increases from $9,000 to $12,000. What is the marginal propensity to consume?
A) 0.2
B) 0.4
C) 0.6
D) 0.8
Correct Answer:
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Q12: The consumption function shows
A) the amount of
Q13: The saving function shows
A) the amount of
Q14: Suppose when disposable personal income increases from
Q15: Disposable personal income is
A) the income households
Q16: An increase in aggregate demand causes an
Q18: The consumption function expresses the
A) purposes of
Q19: The income households receive less the personal
Q20: The marginal propensity to consume is the
A)
Q21: Use the following to answer questions .
Exhibit:
Q22: Use the following to answer questions .
Exhibit:
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