Multiple Choice
If the average propensity to save (APS) is 0.70, then this means
A) people are saving 70 percent of their disposable income.
B) people are spending 70 percent of their disposable income.
C) people are saving 70 percent of their amount of consumption.
D) people are spending 70 percent of their amount of saving.
Correct Answer:
Verified
Correct Answer:
Verified
Q330: Along a linear consumption function<br>A) the average
Q331: The relationship between planned consumption and real
Q332: When real GDP is in equilibrium with
Q333: In the above figure, when real disposable
Q334: Which of the following is a simplifying
Q336: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q337: What can we say about APC +
Q338: If the multiplier in the economy is
Q339: The marginal propensity to consume is<br>A) real
Q340: In the above figure, when real disposable