The wealthy tend to have
A) higher average propensities to consume
B) higher average propensities to save.
C) lower average propensities to save.
D) the same average propensity to consume as less wealth persons.
Correct Answer:
Verified
Q15: Compare and discuss determinants of aggregate consumption.
-How
Q16: Keynes believed that consumer demand in the
Q17: At very low levels of income, consumer
Q18: The term, "dis-saving" means
A) having no respect
Q19: Those who currently have no savings and
Q21: A shift in income distribution from wealthy
Q22: In an economic expansion, the average ratio
Q23: What is the definition of the term,
Q24: Consumer debt as a percentage of national
Q25: What is the wealth effect?
A) the tendency
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