Multiple Choice

-Based upon the above table, the MPC for the consumption function is
A) increasing as income rises.
B) equal to 1.0 at $600 billion.
C) constant at 0.75.
D) constant at 0.25.
Correct Answer:
Verified
Related Questions

-Based upon the above table, the MPC for the consumption function is
A) increasing as income rises.
B) equal to 1.0 at $600 billion.
C) constant at 0.75.
D) constant at 0.25.
Correct Answer:
Verified