The average propensity to consume
A) is C divided by disposable income.
B) is a measure of the additional C generated by additional disposable income.
C) is negative at very low income levels.
D) varies directly with disposable income: as disposable income rises,the APC rises.
Correct Answer:
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Q128: As disposable income rises,the APC
A)rises.
B)falls.
C)remains the same.
Q129: Savings plus consumption equals disposable income
A)all of
Q130: As disposable income rises
A)induced consumption rises and
Q131: Saving is negative in each case except
A)when
Q132: Q134: When disposable income is 2,000 Q135: When disposable income is 2,000,savings is Q136: Statement I.When disposable income is zero,autonomous consumption Q137: When disposable income is extremely low, Q138: In this graph,when disposable income is 3,000,consumption
A)savings is zero.
B)consumption
A)1,000
B)750
C)500
D)0
E)-1,000
A)autonomous consumption
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