Refer to the data below.When plotted on a graph, the vertical intercept of the consumption schedule in this economy is _____ and the slope is _____.
A) -2; 1
B) $2; .18
C) $100; .5
D) $2; .9
Correct Answer:
Verified
Q6: A decline in disposable income
A)increases consumption by
Q8: The most important determinant of consumption and
Q15: The initial costs of capital goods, and
Q20: As disposable income increases, consumption
A) and saving
Q22: The consumption schedule relates:
A)consumption to the level
Q23: The consumption schedule is drawn on the
Q25: If the equation C = 20 +
Q32: Dissaving occurs where
A) income exceeds consumption.
B) saving
Q33: The saving schedule is such that as
Q34: The consumption schedule shows:
A)that the MPC increases
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