A household
A) consumes, saves, or pays taxes out of disposable income.
B) consumes or pays taxes out of disposable income.
C) consumes or saves out of disposable income.
D) only consumes out of disposable income.
E) saves more than it consumes.
Correct Answer:
Verified
Q6: Disposable income is
A)used for consumption only.
B)aggregate income
Q7: Use the figure below to answer the
Q8: If the marginal propensity to consume is
Q9: The marginal propensity to consume is calculated
Q10: The marginal propensity to consume is the
A)fraction
Q12: If a household's disposable income increases from
Q13: Use the figure below to answer the
Q14: If the marginal propensity to save is
Q15: The marginal propensity to save
A)is greater than
Q16: If consumption is $8,000 when disposable income
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