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Chapter_9_McB - Name Date 1 The most important determinant...

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Name: __________________________ Date: _____________ 1. The most important determinant of consumption and saving is the: A) level of bank credit. B) level of income. C) interest rate. D) price level. 2. The MPC can be defined as that fraction of a: 3. The consumption schedule shows: 4. The APC can be defined as the fraction of a: 5. As disposable income increases, consumption: A) and saving both increase. B) and saving both decrease. C) decreases and saving increases. D) increases and saving decreases.
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