Exhibit 23-2 
-Given the data in Exhibit 23-2, what is the level of consumption if income increases to 400?
A) 480
B) 450
C) 515
D) 465
E) 470
Correct Answer:
Verified
Q62: The consumption function for the whole economy
A)looks
Q63: If the marginal propensity to consume declines,
Q64: The notion of the consumption function originated
Q65: The relationship describing how consumption depends on
Q66: The marginal propensity to consume is best
Q68: The consumption function describes
A)the negative relationship between
Q69: The slope of the consumption function is
Q70: According to the consumption function, as income
Q71: Which of the following statements is true?
A)A
Q72: Which of the following statements is false?
A)Aggregate
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