The disposable income (DI) and consumption (C) schedules are for a private, closed economy. All figures are in billions of dollars. Refer to the data above. If plotted on a graph, the slope of the consumption schedule would be:
A) .6
B) .7
C) .8
D) .9
Correct Answer:
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Q54: The disposable income (DI) and consumption (C)
Q55: The disposable income (DI) and consumption (C)
Q56: Q57: In a private closed economy, national income Q58: Which of the following may shift the Q60: If the consumption schedule shifts downward, and Q61: A change in interest rates would shift Q62: One factor that shifts the consumption schedule Q63: Two basic determinants of investment spending are: Q64: A change in the amount saved due
A)
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