The sum of consumption and saving is called _____.
A) net investment
B) net income
C) personal income
D) disposable income
E) transfer income
Correct Answer:
Verified
Q4: Autonomous consumption is defined as:
A)the domestic consumption
Q5: The consumption function illustrates that:
A)saving increases as
Q6: Identify the correct statement.
A)Autonomous consumption equals saving
Q7: The amount of autonomous consumption in an
Q8: Keynesian economics developed in response to:
A)the Great
Q10: The 45-degree line used in a consumption
Q11: In the country of Marzipana, total consumption
Q12: Dissaving occurs when:
A)disposable income is greater than
Q13: The figure given below represents the saving
Q14: The figure given below represents the saving
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