If the MPC is .8 and the disposable income is $200, then
A) consumption and saving cannot be determined from the information given.
B) saving will be $20.
C) personal consumption expenditures will be $80.
D) saving will be $40.
Correct Answer:
Verified
Q6: A decline in disposable income
A)increases consumption by
Q28: The 45-degree line on a chart relating
Q29: The consumption schedule in the diagram
Q30: Refer to the data below.When plotted on
Q32: The equation C = 35 + .75Y,
Q33: The saving schedule is such that as
Q34: The consumption schedule shows:
A)that the MPC increases
Q35: The consumption schedule shows:
A)a direct relationship between
Q36: The relationship between consumption and disposable income
Q56: If the consumption schedule is linear, then
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents