Multiple Choice
(Advanced analysis) If the equation C = 20 + 0.6Y, where C is consumption and Y is disposable income, were graphed,
A) the vertical intercept would be +0.6 and the slope would be +20.
B) it would reveal an inverse relationship between consumption and disposable income.
C) the vertical intercept would be negative, but consumption would increase as disposable income rises.
D) the vertical intercept would be +20 and the slope would be +0.6.
Correct Answer:
Verified
Correct Answer:
Verified
Q141: If disposable income increases from $912 to
Q142: Suppose that a new machine tool having
Q143: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" Refer to the
Q144: If the MPC is 0.8 and disposable
Q145: A $1 billion increase in investment will
Q147: The consumption schedule shows<br>A) that the MPC
Q148: An MPC value of less than 1.0
Q149: <span class="ql-formula" data-value="\begin{array} { | c |
Q150: The investment demand curve will shift to
Q151: With a marginal propensity to save of