The slope of the consumption function is equal to
A) the change in consumption divided by the change in disposable income.
B) the change in consumption divided by the change in personal income.
C) the change in disposable income divided by the change in consumption.
D) the change in national income divided by the change in consumption.
E) the change in saving divided by the change in disposable income.
Correct Answer:
Verified
Q86: National income =
A)Consumption + Saving - Taxes
B)Consumption
Q88: Consumer spending _ and investment spending _.
A)is
Q91: Table 8.3 Q92: Investment spending will increase when Q93: MPC + MPS = Q94: If disposable income increases by $100 million, Q98: When we graph consumption as a function Q98: Disposable income is defined as Q100: If disposable income falls by $50 billion Q101: Canadian net export spending rises when
A)the interest rate
A)0.
B)0.25.
C)0.5.
D)1.
E)100%.
A)national income -
A)the price
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