The slope of the consumption function is equal to the
A) average propensity to consume.
B) marginal propensity to consume.
C) rate of interest.
D) saving function.
E) multiplier.
Correct Answer:
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Q1: If disposable income rises by $100 billion
Q2: If a family's disposable income is $100,000
Q3: The average propensity to consume is the
A)
Q4: The saving function assumes that personal saving
Q6: If disposable income rises by $100 billion
Q7: The consumption function expresses the relationship between
Q8: If Carolyn's consumption rises by $5,000 as
Q9: The relationship between household spending and disposable
Q10: The additional amount a family spends on
Q11: If disposable income rises by $100 billion
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