Consumption spending depends mainly on the level of
A) national income
B) disposable income
C) personal income
D) personal income taxes
E) imports
Correct Answer:
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Q6: If a household's income rises from $46,000
Q25: The slope of the consumption function shows
Q35: Suppose that when disposable income rises from
Q36: If a household's income falls from $26,000
Q38: The marginal propensity to consume is the
Q39: Which of the following is true of
Q41: If every time disposable income increases by
Q42: The inverse of the slope of the
Q43: Exhibit 9-2 Q44: The marginal propensity to consume
A)is the proportion
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