Historically,consumption spending in the United States has
A) increased as a percentage of income
B) remained approximately constant as a percentage of income
C) decreased as a percentage of income
D) remained constant over time
E) increased more than income
Correct Answer:
Verified
Q2: Disposable income is
A)the major determinant of consumption
Q3: If disposable income increases,consumption spending increases and
Q3: The difference between consumption spending and disposable
Q4: Saving in our simple model
A)varies inversely with
Q5: An increase in the interest rate would
Q6: The primary determinant of saving is income.
Q8: Sarah moves from Upperland,which has no taxes
Q10: The most important determinant of a household's
Q12: Disposable income is equal to consumption
A)plus investment
B)plus
Q123: If consumption is greater than income,saving must
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