As disposable income rises:
A) consumption falls as a percentage of disposable income.
B) the average propensity to consume increases.
C) saving falls as a percentage of disposable income.
D) the average propensity to consume remains unchanged.
E) consumption rises as a percentage of disposable income.
Correct Answer:
Verified
Q22: The figure given below represents the consumption
Q23: Suppose total disposable income in Country X
Q24: If a household experiences a $880 increase
Q25: A change in the marginal propensity to
Q26: The figure given below represents the consumption
Q28: The figure given below represents the consumption
Q29: If a household's disposable income increases from
Q30: The figure given below shows the consumption
Q31: The table given below reports the consumption
Q32: The sum of the MPC and the
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