Multiple Choice
The slope of the consumption function is equal to
A) the change in consumption divided by the change in disposable income.
B) the change in consumption divided by the change in personal income.
C) the change in disposable income divided by the change in consumption.
D) the change in national income divided by the change in consumption.
E) the change in saving divided by the change in disposable income.
Correct Answer:
Verified
Correct Answer:
Verified
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