Refer to the data below.When plotted on a graph,the vertical intercept of the consumption schedule in this economy is _____ and the slope is _____.
A) -2;1
B) $2;.18
C) $100;.5
D) $2;.9
Correct Answer:
Verified
Q6: A decline in disposable income
A)increases consumption by
Q14: Which of the following equations correctly represents
Q20: As disposable income increases, consumption
A) and saving
Q31: If the MPC is .8 and the
Q33: The saving schedule is such that as
Q35: The consumption schedule shows:
A)a direct relationship between
Q35: The saving schedule is drawn on the
Q36: The relationship between consumption and disposable income
Q38: Given the consumption schedule, it is possible
Q56: If the consumption schedule is linear, then
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