Multiple Choice
The slope of the consumption function
A) is positive and equals 1 - MPC.
B) is negative.
C) equals the MPC.
D) is undefined below the 45-degree line.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q292: Mauritius, an island off the coast of
Q293: When the economy is in equilibrium<br>A) planned
Q294: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The data in
Q295: If there are no income taxes or
Q296: The positive slope of the consumption function
Q298: The presence of imports _ the size
Q299: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure
Q300: Which of the following shifts the aggregate
Q301: A consumption function shows a<br>A) negative (inverse)
Q302: Suppose the economy has no income taxes