Multiple Choice
If you earn additional $500 in disposable income one week for painting your neighbor's house,
A) the total of your consumption and saving will increase by more than $500.
B) the total of your consumption and saving will increase by $500.
C) the total of your consumption and saving will increase by less than $500.
D) your consumption will increase by more than $500, even if your MPS is 0.1.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: If the MPS is 0.20, the MPC
Q13: Refer to the information provided in Table
Q14: In macroeconomics, the point at which planned
Q15: Refer to the information provided in Figure
Q16: Refer to the information provided in Figure
Q18: Refer to the information provided in Figure
Q19: Refer to the information provided in Figure
Q20: Refer to the information provided in Table
Q21: A firm's inventory is the orders for
Q22: Refer to the information provided in Figure