The MOST important factor affecting a household's consumption is:
A) its expected income.
B) its expected income
C) its current income.
D) its current income
E) its wealt.
F) its wealt
G) the interest rate
H) the interest rate.
Correct Answer:
Verified
Q146: You and a coworker have been trying
Q147: Suppose the marginal propensity to consume changes
Q148: When future income rises, current consumption:
A)falls.
B)falls
C)rises
D)rises.
E)is unaffected
F)is
Q149: The MOST important determinant of consumption is:
A)the
Q150: The marginal propensity to consume is 0.5,
Q152: Other things equal, expectations of lower income
Q153: In the consumption function, an individual household's
Q154: If income increases by $1,000, and consumption
Q155: The marginal propensity to consume is _
Q156: If income increases:
A)the consumption function will shift
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