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    Macroeconomics Study Set 17
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    Exam 12: Aggregate Expenditure and Output in the Short Run
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    When We Graph Consumption as a Function of National Income
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When We Graph Consumption as a Function of National Income

Question 158

Question 158

Multiple Choice

When we graph consumption as a function of national income rather than as a function of ________,the slope of this consumption function is the ________.


A) disposable income; MPC
B) personal income; MPC
C) disposable income; MPS
D) personal income; MPS

Correct Answer:

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