The slope of the consumption schedule between two points on the schedule is:
A) The ratio of the change in consumption to the change in disposable income between those two points
B) The ratio of the change in disposable income over the change in consumption between those two points
C) Equivalent to one plus the marginal propensity to save
D) Equivalent to the average propensity to consume
Correct Answer:
Verified
Q2: Q3: As disposable income decreases, the: Q4: When the consumption schedule is plotted on Q5: When a consumption schedule is plotted as Q6: The consumption schedule shows the relationship of Q7: If consumption increases while income remains the Q8: If disposable income is $900 billion when Q9: If there is a decrease in disposable Q10: An increase in disposable income: Q11: The fraction, or percentage, of total income
A) Average propensity
A) Increases consumption
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