The ratio of consumption to income is known as ________.
A) the average propensity to consume
B) the borrowing constraint
C) the marginal propensity to consume
D) subprime accommodation
Correct Answer:
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Q39: For the majority of the U.S.population _.
A)consumption
Q40: Consumption smoothing refers to _.
A)the impact of
Q41: The value of the marginal propensity to
Q42: The Keynesian consumption function does not display
Q43: The permanent income hypothesis highlights the phenomenon
Q45: When the borrowing constraint is binding,_.
A)wealth is
Q46: How might consumers for whom the borrowing
Q47: The Keynesian consumption function and the theory
Q48: According to the permanent income hypothesis,permanent income
Q49: The schedule describing the Keynesian consumption function
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