Multiple Choice
If an increase in a householdʹs disposable income from $10,000 to $12,000 boosts its consumption expenditure from $8,000 to $9,000, the
A) slope of the consumption function is 0.2
B) household is dissaving.
C) slope of the consumption function is 1000.
D) slope of the consumption function is 0.5
Correct Answer:
Verified
Correct Answer:
Verified
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