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    Macroeconomics Study Set 39
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    Exam 16: Understanding Consumer Behavior
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    Simon Kuznets Found That, Over Long Periods of Time in the United
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Simon Kuznets Found That, Over Long Periods of Time in the United

Question 22

Question 22

Multiple Choice

Simon Kuznets found that, over long periods of time in the United States, as income rose, the average propensity to consume:


A) rose.
B) fell.
C) remained constant.
D) rose and then fell.

Correct Answer:

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