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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 38
Circle the letter that corresponds to the best answer. The consumption function tells us that, as income rises, consumption _____.
A) declines
B) remains the same
C) rises more slowly than income
D) rises more quickly than income
A) declines
B) remains the same
C) rises more slowly than income
D) rises more quickly than income
Explanation
Verified
Verified
When income increases, consumption also ...
Macroeconomics 11th Edition by Stephen Slavin
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