Multiple Choice
As disposable income rises:
A) consumption falls as a percentage of disposable income.
B) the average propensity to consume increases.
C) saving falls as a percentage of disposable income.
D) the average propensity to consume remains unchanged.
E) consumption rises as a percentage of disposable income.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The table given below reports the consumption
Q2: Dissaving occurs when the consumption function lies
Q3: The average propensity to save (APS)is the
Q4: The figure given below shows the consumption
Q5: Which of the following will cause the
Q7: Suppose that the consumption function crosses the
Q8: In the table given below Y represent
Q9: The figure given below represents the saving
Q10: MPI refers to the percentage of additional
Q11: Which of the following is least likely