If the APS is .1,we save
A) 1 percent of our income.
B) 9 percent of our income.
C) 10 percent of our income.
D) 90 percent of our income.
Correct Answer:
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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
Q116: If the APC is .6,we consume
A)4 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.
Q122: In this graph,consumption is at a level
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