Multiple Choice
If disposable income falls by $50 billion and consumption falls by $40 billion,then the slope of the consumption function is
A) 1.20.
B) 0.80.
C) 0.70.
D) 0.10.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
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
Q292: A decrease in _ can put your
Q293: If planned aggregate expenditure equals GDP,the economy
Q295: An increase in the price level in
Q296: John Maynard Keynes argued that if many
Q297: The ratio of the increase in equilibrium
Q298: If the economy is currently in equilibrium
Q299: A general formula for the multiplier is<br>A)