Multiple Choice
Empirical evidence finds that the average propensity to consume is constant:
A) for only the short-run consumption function.
B) for only the long-run consumption function.
C) for both the short-run and the long-run consumption functions.
D) for neither the short-run nor the long-run consumption functions.
Correct Answer:

Verified
Correct Answer:
Verified
Q65: Keynes's conclusion is quite different from that
Q66: Kuznets' data showed a short-run consumption function
Q67: In the Fisher two-period model, if the
Q68: The consumption decisions of individuals are not
Q69: Some taxpayers voluntarily have more taxes withheld
Q71: Suppose that the Federal Reserve raises the
Q72: According to the permanent-income hypothesis, consumption depends
Q73: If the permanent-income hypothesis is correct, and
Q74: Empirical evidence finds that the average propensity
Q75: The Fisher two-period model shows that current