As disposable income decreases, the:
A) Average propensity to consume increases
B) Average propensity to consume decreases
C) Level of consumption increases
D) Level of saving increases
Correct Answer:
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Q1: The slope of the consumption schedule between
Q2: 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) Increases consumption
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