Solved

If the Consumption Function Is Defined as C = 5,500

Question 286

Multiple Choice

If the consumption function is defined as C = 5,500 + 0.9Y,what is the value of the marginal propensity to consume?

A) 0.1
B) 0.9
C) 5.5
D) 6.1

Related Questions

Q281: Table 12-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 12-4

Q282: Table 12-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 12-1

Q283: If disposable income increases by $500 million,and

Q284: Figure 12-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 12-3

Q285: Consumption is $5 million,planned investment spending is

Q287: If inventories decline by more than analysts

Q288: If an increase in investment spending of

Q289: Equations for C,I,G,and NX are given below.If

Q290: How does a decrease in government spending

Q291: Which of the following is not one