The average propensity to consume is the
A) percentage of total disposable income consumed.
B) rate at which real disposable income changes as planned consumption changes.
C) ratio of changes in planned consumption to changes in real disposable income.
D) slope of the consumption function.
Correct Answer:
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Q67: Q81: Q82: If consumption is $750 when real disposable Q84: If the marginal propensity to save is Q85: Which of the following correctly defines the Q86: Along the portion of the consumption function Q87: If the level of consumption is $100 Q89: In the above figure, a change in Q92: Where the consumption function intersects the 45-degree Q96: 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
