The figure given below represents the consumption function of a country.
Figure 9.3
-According to Figure 9.3, autonomous consumption equals:
A) -$200.
B) $0.
C) $100.
D) $200.
E) $400.
Correct Answer:
Verified
Q5: The consumption function illustrates that:
A)saving increases as
Q6: Identify the correct statement.
A)Autonomous consumption equals saving
Q21: The consumption function becomes flatter if:
A)the average
Q22: The figure given below shows the consumption
Q25: A change in the marginal propensity to
Q25: The figure given below represents the consumption
Q27: As disposable income rises:
A)consumption falls as a
Q29: If a household's disposable income increases from
Q29: The figure given below represents the consumption
Q32: The sum of the MPC and the
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