Solved

The Slope of a Graph of the Consumption Function Equals

Question 21

True/False

The slope of a graph of the consumption function equals the marginal propensity to consume.
The MPC represents the portion of disposable income that is spent rather than saved.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: When aggregate expenditures fall below the full-employment

Q13: If an increase in disposable income causes

Q16: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5716/.jpg" alt=" In Figure 9.6,if

Q18: Complete Table 9.2.(Data are expressed in

Q19: If autonomous consumption decreases,then<br>A)The AD curve will

Q20: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5716/.jpg" alt=" In response to

Q22: <span class="ql-formula" data-value="\begin{array}{l}\begin{array} { | c |

Q23: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5716/.jpg" alt=" Using Figure 9.1,dissaving

Q91: When consumer spending exceeds disposable income,all of

Q125: The consumption function implies that<br>A)Disposable income inversely