When we graph consumption as a function of rather than as a function of

When we graph consumption as a function of rather

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58) When we graph consumption as a function of ________ rather than as a function of disposableincome, the slope of this consumption function is ________.A) national income; theMPCB) personal income; (MPC-MPS)C) personal income; theMPSD) national income; theMPSAnswer: A58)Diff: 2Page Ref: 758/352Topic: Consumption and National IncomeLearning Outcome: Macro 8: Investigate the relationship between income and expendituresAACSB: Reflective Thinking13
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59) If the marginal propensity to save is 0.25, then a $10,000 decrease in disposable income will59)Diff: 2Page Ref: 760/354Topic: The Marginal Propensity to SaveLearning Outcome: Macro 8: Investigate the relationship between income and expendituresAACSB: Analytic Skills60)MPC+MPS=60)Diff: 1Page Ref: 760/354Topic: ConsumptionLearning Outcome: Macro 8: Investigate the relationship between income and expendituresAACSB: Reflective Thinking61) If the marginal propensity to consume is 0.75, the marginal propensity to save is61)Diff: 1Page Ref: 760/354Topic: The Marginal Propensity to SaveLearning Outcome: Macro 8: Investigate the relationship between income and expendituresAACSB: Analytic Skills62) National income=A) Consumption+Saving+TaxesB) Consumption-Saving-TaxesC) Consumption-Saving+TaxesD) Consumption+Saving-TaxesAnswer: A62)Diff: 1Page Ref: 759/353Topic: Income, Consumption, and SavingLearning Outcome: Macro 3: Identify and interpret key macroeconomic measuresAACSB: Reflective Thinking63) Investment spending ________ during a recession, and ________ during an expansion.63)Diff: 1Page Ref: 761/355Topic: Planned InvestmentLearning Outcome: Macro 3: Identify and interpret key macroeconomic measuresAACSB: Reflective Thinking14
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  • Spring '11
  • Lee
  • Economics, Harshad number, Prime number, AACSB, Page Ref

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