The slope of the scatter diagram representing the relationship between consumption and disposable income in the United States is approximately
A) 1.10.
B) 0.30.
C) 0.50.
D) 0.90.
Correct Answer:
Verified
Q88: Figure 8-1 Q89: The numerical value of the MPC is Q90: "Men are disposed, as a rule, and Q91: Figure 8-1 Q92: The nation's disposable income increases by $400 Q94: The marginal propensity to consume is Q95: The change in consumption divided by the Q96: Economists expect the relationship between consumption and Q97: The difference between disposable income and consumption Q98: If DI falls by $100 billion, and
A)disposable income
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