The consumption schedule shows
A) that the MPC increases in proportion to GDP.
B) that households consume more when interest rates are low.
C) that consumption depends primarily on the level of business investment.
D) the amounts households intend to consume at various possible levels of aggregate income.
Correct Answer:
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Q2: The most important determinant of consumption and
Q3: The consumption schedule is such that
A) both
Q4: With a marginal propensity to save of
Q5: If Carol's disposable income increases from $1,200
Q6: As disposable income goes up, the
A) average
Q7: A decline in disposable income
A) increases consumption
Q8: The 45-degree line on a graph relating
Q9: The consumption schedule is drawn on the
Q10: The consumption schedule shows
A) a direct relationship
Q11: The consumption schedule directly relates
A) consumption to
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