The consumption function relates
A. real disposable incomes earned by households with the level of unexpected consumption spending.
B. planned household consumption to real disposable income.
C. a household's consumption to its wealth.
D. planned household consumption and real interest rates.
Answer: B
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How does a positive externality in consumption reduce economic efficiency?
What will be an ideal response?
Privatization is the process of turning government enterprises into private enterprises in transitional economies
a. True b. False
The Ricardian model can be simplified and made more explanatory by assuming that there is only one resource used in producing goods. What did Ricardo assume the resource was?
a. capital b. technology c. labor d. loanable funds
Refer to the information provided in Figure 23.5 below to answer the question(s) that follow.
Figure 23.5Refer to Figure 23.5. In this graph, 0.25 represents this society's
A. MPS. B. MPC. C. consumption function. D. saving function.