If the APC is .6,we consume
A) 4 percent of our income.
B) 6 percent of our income.
C) 40 percent of our income.
D) 60 percent of our income.
Correct Answer:
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Q111: An increase in interest rates results in
A)increased
Q112: Statement I.APC + APS = 1.
Statement II.MPC
Q113: When the APC is greater than one,
A)the
Q114: If the MPC is three quarters,then an
Q115: If we save 20 percent of our
Q117: If the APS is .1,we save
A)1 percent
Q118: According to Friedman's "permanent income hypothesis,"
A)Consumption today
Q119: According to the permanent income hypothesis,households will
Q120: If we consume 85 percent of our
Q121: In this graph,the MPC is
A).25.
B).5.
C).75.
D)1.00.
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