The consumption function assumes that
What will be an ideal response?
Factors other than disposable income affect consumption, but those are held constant along the consumption function
Economics
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If the MPC = 0.9, the multiplier would be
A) 0.1. B) 2. C) 9. D) 10.
Economics
Politicians have often kissed babies to improve their re-election prospects. A rational politician will kiss babies as long as
A) the public is impressed. B) the marginal benefits exceed the marginal costs. C) there is a camera crew to document the activity. D) the babies are cute.
Economics
Private income and wealth completely determine how many goods and services one consumes
Indicate whether the statement is true or false
Economics
Describe three factors that have led to the recent push toward globalization
Economics