Multiple Choice
14.5 Chapter Figures
The above figure shows a nation's consumption function.
-Using this consumption function, the marginal propensity to consume is
A) 0.
B) $1.5 trillion.
C) $2 trillion.
D) 1.33.
E) 0.75.
Correct Answer:

Verified
Correct Answer:
Verified
Q51: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1454/.jpg" alt=" The figure
Q52: Investment decreases by $300 billion, government expenditure
Q53: Jack Nelson, a supervisor in the hardware
Q54: Which of the following reduces the magnitude
Q55: When the real interest rate falls, the
Q58: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1454/.jpg" alt=" The figure
Q59: A country reports that unplanned inventories increased
Q60: If the real interest rate increases, there
Q61: When disposable income is zero, consumption expenditure
Q246: List and explain factors that influence consumption