True/False
If consumption is defined as C = 2,000 + 0.8Y,then the marginal propensity to save is 0.8.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q3: Table 23-11<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7397/.jpg" alt="Table 23-11
Q15: A general formula for the multiplier
Q17: Article Summary<br>Gains in consumer spending and construction
Q18: Figure 23-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3018/.jpg" alt="Figure 23-2
Q101: Consumption spending is $16 million,planned investment spending
Q123: What impact does an increase in the
Q162: U.S.net export spending rises when<br>A)the price level
Q186: The _ model focuses on the relationship
Q230: How does an increase in government spending
Q248: Which of the following is a reason