Which of the following statements is FALSE?
A) Disposable income - saving = consumption expenditure.
B) Saving = disposable income - consumption expenditure.
C) Consumption expenditure + saving = disposable income.
D) Consumption expenditure = saving - disposable income.
Correct Answer:
Verified
Q15: An increase in real GDP leads to
A)
Q16: In the very short term, planned investment
Q17: A consumption function shows a
A) negative (inverse)
Q18: According to the Keynesian theory, the typical
Q19: In the very short term, in the
Q21: There is a movement along the consumption
Q22: The slope of the consumption function is
A)
Q23: If real disposable income increases by $1500,
Q24: The consumption function shows how much
A) all
Q25: The relationship between consumption expenditure and disposable
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