Multiple Choice
The slope of the consumption schedule between two points on the schedule is
A) the ratio of the change in consumption to the change in disposable income between those two points.
B) the ratio of the change in disposable income over the change in consumption between those two points.
C) equivalent to one plus the marginal propensity to save.
D) equivalent to the average propensity to consume.
Correct Answer:
Verified
Correct Answer:
Verified
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