Solved

The Figure Above Shows a Nation's Consumption Function

Question 36

Multiple Choice

  The figure above shows a nation's consumption function. If disposable income is $2 trillion, then the MPC is  <sub>--------------------</sub> and saving is  <sub>--------------------</sub>. A) positive; positive B) negative; positive C) positive; negative D) negative; negative E) positive; zero
The figure above shows a nation's consumption function. If disposable income is $2 trillion, then the MPC is -------------------- and saving is --------------------.


A) positive; positive
B) negative; positive
C) positive; negative
D) negative; negative
E) positive; zero

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents