A change in the amount saved due to a change in income is represented by a
A) shift of the entire saving schedule.
B) movement along the saving schedule.
C) change in the marginal propensity to save.
D) change in the marginal propensity to consume.
Correct Answer:
Verified
Q146: A lower real interest rate typically induces
Q147: In an economy, for every $1,600 decrease
Q149: Which of the following would shift the
Q152: When consumers decide to increase household debt,
Q153: Which of the following would shift the
Q155: One factor that shifts the consumption schedule
Q221: In a private closed economy, national income
Q225: In an economy, for every $10 million
Q226: When the marginal propensity to consume is
Q231: If the slope of the consumption schedule
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents