Multiple Choice
Which of the following consumption functions has a marginal propensity to consume equal to 0.95?
A) C = 95 + 0.87Y
B) C = 0.95 + 0.87Y
C) C = 1,000 + 0.05Y
D) C = 1,000 + 95Y
E) None of these
Correct Answer:
Verified
Related Questions
Q63: If the marginal propensity to consume declines,
Q64: The notion of the consumption function originated
Q66: The marginal propensity to consume is best
Q69: The slope of the consumption function is
Q71: Which of the following statements is true?
A)A
Q74: If two successive levels of disposable personal
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