The most important determinant of consumer spending is A the level of household

The most important determinant of consumer spending

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26. The most important determinant of consumer spending is: A. the level of household borrowing.B. consumer expectations.C. the stock of wealth.D. the level of income. 27. The 45-degree line on a graph relating consumption and income shows:      
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28. Refer to the figure above. The consumption schedule indicates that:  29. Which of the following is correct  (Advanced analysis) Answer the question on the basis of the following consumption schedule: C = 20 + .9Y, where C is consumption and Y is disposable income. 30. Refer to the above data. The MPC is: A. .45.B. .20.C. .50.D. .90. 31. (Advanced analysis) If the equation C = 20 + .6Y, where C is consumption and Y is disposable income, were graphed:  
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32. Which of the following relations is not correct?  33. If the marginal propensity to consume is .9, then the marginal propensity to save mustbe:  34. Which of the following will not cause the consumption schedule to shift? A. a sharp increase in the amount of wealth held by householdsB. a change in consumer incomesC. the expectation of a recessionD. a growing expectation that consumer durables will be in short supply     
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