Multiple Choice
A household that expects a decrease in disposable income in the future will
A) increase its current consumption spending
B) decrease its current consumption spending
C) maintain its current consumption spending
D) increase its current consumption spending,then increase spending when income falls
E) decrease its current consumption spending,then increase spending when income falls
Correct Answer:
Verified
Correct Answer:
Verified
Q73: Sarah moves from Upperland,which has no taxes
Q74: The United States,with only one _ of
Q75: The relationship between consumption and income is<br>A)negative
Q76: Historically,consumption spending in the United States has<br>A)increased
Q77: Which is true of disposable income?<br>A)it excludes
Q79: If incomes in the United States increase,other
Q80: If income increases by $100 and $75
Q81: Which of the following would not shift
Q82: An increase in the interest rate would
Q83: If the marginal propensity to consume is