Multiple Choice
The consumption schedule is drawn on the assumption that as disposable income increases consumption will:
A) be unaffected.
B) increase absolutely, but remain constant as a percentage of income.
C) increase absolutely, but decline as a percentage of income.
D) increase absolutely and as a percentage of income.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: If business taxes are reduced and the
Q92: A decline in disposable income<br>A)increases consumption by
Q154: Assume that for the entire business sector
Q155: Other things equal, the real interest rate
Q156: Which of the following countries had the
Q157: The reverse wealth effect will cause the
Q160: When we draw an investment demand curve
Q162: Given the expected rate of return on
Q163: If a $100 billion decrease in investment
Q164: Following is consumption schedules for three private