Economic data suggest that when income is expected to fall by $1, consumption falls by:
A) $1.
B) $0.50.
C) the marginal propensity to consume.
D) the ratio of years until retirement to the years remaining of life

Question

Quizplus · Accepted Answer

The Answer of Economic data suggest that when income is expected to fall by $1, consumption falls by:
A) $1.
B) $0.50.
C) the marginal propensity to consume.
D) the ratio of years until retirement to the years remaining of life

Economic Data Suggest That When Income Is Expected to Fall