Multiple Choice
In the range of disposable income where the consumption function lies above the 45° line,
A) saving is positive.
B) disposable income equals planned expenditures.
C) disposable income is negative.
D) saving is negative.
E) induced consumption is zero.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Jane supports herself at university by working
Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8401/.jpg" alt=" -The above table
Q27: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8401/.jpg" alt=" -In the figure
Q53: A change in the price level<br>A) shifts
Q76: When aggregate planned expenditure exceeds real GDP,<br>A)
Q82: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8401/.jpg" alt=" -The above table
Q91: The slope of the consumption function is<br>A)
Q127: If firms' inventories exceed their planned inventories,firms<br>A)increase
Q128: When the real interest rate falls,the consumption
Q129: If the economy is in the expansion