-In the graph,when disposable income is ______,saving is zero.
A) 0
B) 1000
C) 2000
D) 3000
E) 4000
Correct Answer:
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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
Q124: Which statement is not true?
A)Induced consumption is
Q125: When disposable income is 3,000,savings is
A)1,000
B)750
C)500
D)0
E)-1,000
Q126: When disposable income is 1,000,savings is
A)1,000
B)750
C)500
D)0
E)-500
Q127: Statement I.Our suburban lifestyle dictates that most
Q128: As disposable income rises,the APC
A)rises.
B)falls.
C)remains the same.
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