The psychological law of consumption tells us the marginal propensity to consume will be
A) Less than 0
B) Greater than 0 but less than 1
C) Equal to 1
D) Greater than 1 but less than 10
E) Greater than 10
Correct Answer:
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Q46: The aggregate demand curve will shift to
Q47: The Following Questions Refer to the graph
Q48: Leakages in the circular flow consist of
A)Savings,taxes,and
Q49: Aggregate supply can be increased by
A)Reduced incentives
Q50: The marginal propensity to consume is
A)Consumption divided
Q52: Aggregate demand
A)Represents the sum of the demands
Q53: The Following Questions Refer to the graph
Q54: The Following Questions Refer to the graph
Q55: Economists in the 1960s believed that the
Q56: If the economy is initially at full
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