The marginal propensity to consume represents
A) the level of consumption that occurs if disposable income is zero.
B) the ratio of total consumption to disposable income.
C) total income minus total taxes.
D) the change in output caused by a one-unit change in autonomous demand.
E) the change in consumption caused by a one-unit change in disposable income.
Correct Answer:
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Q4: Which of the following would not be
Q5: Which of the following is an endogenous
Q6: Which of the following occurs when disposable
Q7: Suppose the consumption equation is represented by
Q8: For the U.S.economy,which of the following represents
Q10: Disposable income equals
A)income minus saving.
B)income minus both
Q11: Let the consumption function be represented by
Q12: Suppose the consumption equation is represented by
Q13: Which of the following is an exogenous
Q14: Suppose the consumption equation is represented by
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