True/False
It is possible for the marginal propensity to consume to be less than one and the average propensity to consume to be greater than one at the same time.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q70: At a given price level, anything that
Q81: When the price level falls,we would expect
Q82: What impact will a lower real interest
Q83: What happens to aggregate demand if the
Q84: If some non-price-level determinant causes total spending
Q86: Ben N.Jerry prefers to keep his $10
Q87: What effect would an increase in consumption,combined
Q88: What would increase the supply of national
Q89: What effect would a reduction in business
Q90: How is the national saving schedule for