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As Disposable Income Increases,consumption

Question 33
Multiple Choice

As disposable income increases,consumption A) increases. B) decreases. C) remains constant D) may either increase or decrease depending on the average propensity to consume. E) may either increase or decrease depending on the marginal propensity to consumE.

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Q 34
As disposable income decreases,consumption A) increases. B) decreases. C) remains constant D) may either increase or decrease depending on the average propensity to consume. E) may either increase or decrease depending on the marginal propensity to consumE.
Q 35
Data on disposable income and consumption spending for the Adam Smith family are given below: Based on these data,the Adam Smith family has a marginal propensity to consume of A) 0.9. B) 0.8. C) 0.75. D) 0.6. E) 0.5.
Q 36
Data on disposable income and consumption spending for the Adam Smith family are given below: Based on these data,the Adam Smith family has a marginal propensity to consume of A) 0.9. B) 0.8. C) 0.75. D) 0.6. E) 0.5.
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