q5 - OL_MACROECONOMIC PRINCIPLES_3238A784(ECON_2023238A784...

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OL_MACROECONOMIC PRINCIPLES_3238A784 (ECON_2023238A784) > TESTS/QUIZZES > REVIEW ASSESSMENT: QUIZ 5 Review Assessment: Quiz 5 User WANCHING Rachel KAO Submitted 5/13/08 12:55 AM Name Quiz 5 Status Completed Score 24 out of 24 points Time Elapsed 0 hours, 8 minutes, and 53 seconds out of 0 hours and 40 minutes allowed. Instructions Question 1 2 out of 2 points The most important determinant of consumer spending is: Selected Answer: the level of income. Correct Answer: the level of income. Question 2 2 out of 2 points With an MPS of .4, the MPC will be: Selected Answer: 1.0 minus .4. Correct Answer: 1.0 minus .4. Question 3 2 out of 2 points As disposable income goes up the: Selected Answer: APC falls. Correct Answer: APC falls. Question 4 2 out of 2 points As disposable income increases, consumption: Selected Answer: and saving both increase. Correct Answer: and saving both increase. Question 5 2 out of 2 points Suppose a family's consumption exceeds its disposable income. This means that its:
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This note was uploaded on 02/10/2011 for the course ECON 202 taught by Professor Kotlove during the Spring '11 term at Edmonds Community College.

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q5 - OL_MACROECONOMIC PRINCIPLES_3238A784(ECON_2023238A784...

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