Real GDP and real disposable income behave in similar ways.
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Q79: Marginal propensity to consume measures
A)how much consumption
Q80: When Tom's income is $20,000, he spends
Q81: Which of the following statements is true?
A)A
Q82: Income has a strong effect on consumption
Q83: Exhibit 23-3 Q85: During economic fluctuations Q86: When examining consumption behavior at the household Q87: Answer the questions below: Q88: The size of the MPC determines how Q89: The slope of the 45-degree line
A)changes in the interest rate
A)equals zero.
B)equals
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