True/False
If disposable income rises from $15, 000 to $20, 000 and the marginal propensity to consume equals 0.9, then saving must increase by $500.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q63: In the table given below Y represent
Q64: Other things equal, an increase in the
Q65: Which of the following statements is true?<br>A)Real
Q66: The second-largest component of aggregate expenditures in
Q67: In the country of Marzipana, total consumption
Q69: Suppose the Kwik Print Company considers an
Q70: Dissaving occurs when:<br>A)disposable income is greater than
Q71: Investment is considered to be positively correlated
Q72: The sum of consumption and saving is
Q73: Suppose two successive levels of disposable personal