At a level of real disposable income of 0, consumption is $4000. Then
A) saving equals 0.
B) saving equals -$4000.
C) savings equal -$4000.
D) saving equals $4000.
Correct Answer:
Verified
Q109: The average propensity to consume (APC) equals
A)
Q120: Q122: The consumption function relates Q123: Which of the following would be expected Q125: The consumption function shifts upward when Q127: Which of the following is correct? Q128: When disposable income equals consumption expenditures, then Q129: Dissaving is Q130: The relationship between planned real consumption expenditures Q139: What can we say about APC +
A)a household's consumption to
A)real income
A)1 +
A)saving
A)impossible in the simple Keynesian model.
B)the
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