If consumption is $340 and saving is $20,then disposable income
A) Is $340.
B) Is $360.
C) Is $320.
D) Cannot be determined from the information given.
Correct Answer:
Verified
Q1: If,in the aggregate,consumers spend 75 cents of
Q2: Which of the following statements is not
Q3: Aggregate demand is the total quantity of
Q4: Which of the following is not a
Q5: The consumption function implies that
A)Disposable income inversely
Q7: The combination of price level and real
Q8: The MPC indicates the portion of
A)An additional
Q9: Which of the following is not a
Q10: The components of aggregate demand are
A)Consumption,government spending,net
Q11: The MPC + MPS must always equal
A)The
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