As disposable income increases,_____.
A) consumption and saving both increase
B) consumption increases and saving decreases
C) consumption and saving both decrease
D) consumption decreases but saving increases
E) saving increases,but we cannot predict what happens to consumption
Correct Answer:
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Q1: If a household's income falls from $26,000
Q3: The difference between consumption spending and disposable
Q4: The sum of the marginal propensity to
Q5: The consumption function relates consumption spending to
Q6: If a household's income rises from $46,000
Q7: The table given below shows the
Q8: The marginal propensity to consume is:
A)the relationship
Q9: Historically,consumption spending in the United States has
Q10: If a household's income falls from $20,000
Q11: If the marginal propensity to consume,MPC,is less
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