The slope of the consumption function is
A) greater than 1.
B) negative.
C) 1.
D) less than 1.
Correct Answer:
Verified
Q17: A consumption function shows a
A) negative (inverse)
Q18: According to the Keynesian theory, the typical
Q19: In the very short term, in the
Q20: Which of the following statements is FALSE?
A)
Q21: There is a movement along the consumption
Q23: If real disposable income increases by $1500,
Q24: The consumption function shows how much
A) all
Q25: The relationship between consumption expenditure and disposable
Q26: A movement along the consumption function is
Q27: An increase in expected future income .
A)
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