The table given below shows the disposable income and consumption of a household.In the table below,saving:
Table 9.1
?
A) decreases as disposable income increases.
B) decreases as disposable income decreases.
C) remains constant as disposable income increases.
D) is negative at a disposable income of $1,000.
E) is negative at a disposable income of $1,400.
Correct Answer:
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Q2: As disposable income increases,_.
A)consumption and saving both
Q3: The difference between consumption spending and disposable
Q4: The sum of the marginal propensity to
Q5: The consumption function relates consumption spending to
Q6: If a household's income rises from $46,000
Q8: The marginal propensity to consume is:
A)the relationship
Q9: Historically,consumption spending in the United States has
Q10: If a household's income falls from $20,000
Q11: If the marginal propensity to consume,MPC,is less
Q12: The table given below shows the
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