Question
Multiple choice questions 1)Which of the following best represents the consumption function? A) consumption = autonomous consumption + (the marginal propensity to consume x disposable
Multiple choice questions
1)Which of the following best represents the consumption function?
A) consumption = autonomous consumption + (the marginal propensity to consume x disposable income)
B) consumption = disposable income - (autonomous consumption / the marginal propensity to consume)
C) consumption = disposable income x (1 / 1 - the marginal propensity to consume)
D) consumption = autonomous consumption + (the marginal propensity to consume x transfer payments) / disposable income
Figure 9.1
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
