Multiple Choice
If the MPS = 0.1,then
A) the MPC = 0.9.
B) the APS = 0.1.
C) the APC = 0.9.
D) consumption equals $1,800 when income equals $2,000.
Correct Answer:
Verified
Related Questions
Q24: The consumption curve intersects the 45-degree reference
Q26: Figure 9-2 Q27: Figure 9-1 Q28: Figure 9-2 Q30: If autonomous consumption expenditures increase,then Q31: Where the consumption function crosses the 45-degree 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![]()
![]()
![]()
A)saving at every