The marginal propensity to consume is the
A) slope of the saving function.
B) slope of the consumption function.
C) proportion of disposable personal income used for consumption.
D) change in consumption divided by the change in saving.
Correct Answer:
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Q1: The amount of consumption at each level
Q2: The bulk of aggregate demand in the
Q3: The marginal propensity to consume is given
Q5: During an economic downturn, households respond to
Q6: Suppose when disposable personal income increases from
Q7: Disposable personal income is
A) the income households
Q8: Personal saving equals
A) gross domestic income −
Q9: Suppose when disposable personal income increases from
Q10: Which of the following is true?
I. 1
Q11: The saving function expresses the relationship between
A)
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