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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 16
When consumption equals disposable income:
A) the marginal propensity to consume is zero.
B) the average propensity to consume is zero.
C) consumption and saving must be equal.
D) saving must be zero.
A) the marginal propensity to consume is zero.
B) the average propensity to consume is zero.
C) consumption and saving must be equal.
D) saving must be zero.
Explanation
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a implies that at an interest rate of 0 ...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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