Multiple Choice
The consumption function shows
A) a positive relationship between an individual's stock of wealth and his level of planned consumption.
B) a positive relationship between disposable income and planned consumption.
C) a negative relationship between planned consumption and aggregate saving.
D) a negative relationship between disposable income and planned consumption.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Along the 45° reference line<br>A) consumption expenditures
Q24: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" Note: Amounts in
Q25: When the average propensity to save (APS)
Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q27: Ignoring the government and foreign sectors, equilibrium
Q29: Distinguish between saving and savings. How does
Q30: If consumption is $650 when real disposable
Q31: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Use the above
Q32: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q33: The consumption function shows how much<br>A) households