Suppose a family's consumption exceeds its disposable income. This means that its
A) MPC is greater than 1.
B) MPS is negative.
C) APC is greater than 1.
D) APS is positive.
Correct Answer:
Verified
Q23: In contrast to investment, consumption is
A) relatively
Q24: (Advanced analysis) If the equation for the
Q25: (Advanced analysis) The equation C = 35
Q26: Q27: (Advanced analysis) Assume the following consumption schedule: Q29: Which of the following relations is not Q30: (Advanced analysis) Assume the following consumption schedule: Q31: Dissaving means Q32: Dissaving occurs where Q33: One can determine the amount of any
A) the same thing as disinvesting.
B)
A) income exceeds consumption.
B) saving
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