The marginal propensity to consume
A) increases as the economy moves upward along the consumption function.
B) is negative when saving is positive.
C) is greater than the slope of the 45- degree line.
D) is equal to zero when disposable income equals consumption expenditure.
E) is equal to 1 minus the slope of the saving function.
Correct Answer:
Verified
Q48: When disposable income increases,
A)a movement occurs up
Q49: If there is an unplanned increase in
Q50: If real GDP is $3 billion and
Q51: An increase in autonomous consumption
A)shifts the consumption
Q52: Use the figure below to answer the
Q54: Use the figure below to answer the
Q55: If aggregate planned expenditure is less than
Q56: Use the information below to answer the
Q57: The marginal propensity to import is equal
Q58: If aggregate planned expenditure exceeds real GDP,
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