Multiple Choice
A change in interest rates would shift the consumption schedule and the saving schedule ; a change in taxes would shift these two schedules _.
A) in the same direction; also in the same direction
B) in the same direction; in opposite directions
C) in opposite directions; also in opposite directions
D) in opposite directions; in the same direction
Correct Answer:
Verified
Correct Answer:
Verified
Q4: 1 − MPC = MPS.
Q12: In an economy, for every $10 million
Q58: Economists widely agree that the value of
Q95: A change in the amount saved due
Q96: In a closed private economy, income is
Q102: The nominal rate of interest is 8.5
Q104: A high rate of inflation is likely
Q160: The multiplier effect means that<br>A) consumption is
Q187: If consumption increases while income remains the
Q217: The relationship between consumption and disposable income