Exhibit 9-1
-Given the data in Exhibit 9-1, the level of saving decreases as disposable income increases.
Correct Answer:
Verified
Q1: If disposable income decreases,there is typically a
Q2: Disposable income is
A)the major determinant of consumption
Q4: Saving in our simple model
A)varies inversely with
Q6: The primary determinant of saving is income.
Q10: The most important determinant of a household's
Q12: Disposable income is equal to consumption
A)plus investment
B)plus
Q13: Which must be true when consumption exceeds
Q16: Autonomous consumption expenditures are
A)identical to induced consumption
B)determined
Q19: Out of disposable income,households
A)consume and save
B)consume and
Q123: If consumption is greater than income,saving must
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