Multiple Choice
Which of the following statements concerning the effects of demographics on consumption is not true?
A) The size of the population affects the slope of the consumption function.
B) The age of the population affects the slope of the consumption function.
C) Other things equal, the level of consumption will rise with increases in population.
D) Younger households tend to have higher MPCs than older households.
E) Older households tend to have higher MPSs than younger households.
Correct Answer:

Verified
Correct Answer:
Verified
Q74: Table 9.2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2060/.jpg" alt="Table 9.2
Q75: Identify the correct statement.<br>A)Autonomous consumption equals saving
Q76: _ is the primary determinant of consumption
Q77: The sum of the MPC and the
Q78: The consumption function has a positive slope
Q80: All of the following would cause exports
Q81: The figure given below represents the saving
Q82: Table 9.2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2060/.jpg" alt="Table 9.2
Q83: The figure given below represents the saving
Q84: The figure given below represents the consumption