The slope of the consumption function is equal to the marginal propensity to save (MPS).
Correct Answer:
Verified
Q127: A decrease in the price level in
Q128: An economy's investment demand curve shows the
Q129: If the level of autonomous spending in
Q130: A decrease in the price level in
Q131: Purchases of existing commodities,such as gold and
Q133: The slope of the consumption function equals
Q134: The main determinants of investment are the
Q135: As disposable income decreases,saving decreases.
Q136: An increase in the interest rate will
Q137: A decrease in the U.S.price level,other things
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents