If we save 20 percent of our income,our APC is
A) -0.2.
B) 0.
C) 0.2.
D) 0.8.
E) 1.2.
Correct Answer:
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Q110: Which statement is true?
A)Saving can never be
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
Q116: If the APC is .6,we consume
A)4 percent
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
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