Solved

The Slope of the Consumption Function Is

Question 138

Multiple Choice

The slope of the consumption function is


A) equal to the MPC.
B) equal to 1.
C) vertical at the full employment level of income.
D) perfectly horizontal at the equilibrium level.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q109: When the consumption function becomes steeper,
A) the

Q133: -In the above</p></div><svg width=

Q135: The slope of the saving function is

Q136: Which of the following events will make

Q137: -Based upon the</p></div><svg width=

Q139: -Using the data</p></div><svg width=

Q140: -In the above</p></div><svg width=

Q141: When U.S. real GDP increases, then quantity

Q142: -The figure above</p></div><svg width=

Q143: The U.S. consumption function
A) has a positive

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents