Multiple Choice
The fraction of a change in income that is spent on consumption is known as _____
A) disposable income.
B) the consumption function.
C) the marginal propensity to consume.
D) the marginal propensity to save.
E) net wealth.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q14: An increase in income in other countries,other
Q43: The slope of the consumption function shows
Q55: A decrease in the market interest rate
Q56: How does an expected change in car
Q57: Which of the following is true of
Q59: If the marginal propensity to save (MPS)
Q59: A household that expects a decrease in
Q64: If the simple spending multiplier is 8,
Q87: The current level of investment depends on
Q129: The slope of the consumption function equals