The marginal propensity to consume (MPC) is the slope of the:
A. GDP curve.
B. disposable income curve.
C. consumption function.
D. autonomous consumption curve.
Answer: C
You might also like to view...
Because of specialization and comparative advantage, most people
a. consume only what they produce themselves b. consume the products produced by their family and friends c. consume the products of many other specialists d. do not use money as a medium of exchange e. share whatever they produce
The combined efforts of the Fed and the Treasury in response to the financial crisis following the housing market crash were:
A. effective in restoring aggregate supply to its pre-crisis level, but still left the economy with sluggish aggregate demand. B. ineffective in restoring aggregate supply to its pre-crisis level, and output remained far below potential. C. effective in restoring aggregate supply to its pre-crisis level, but left the economy facing severely increasing inflation. D. ineffective in restoring aggregate supply to its pre-crisis level, but output increased due to increased consumer confidence boosting aggregate demand.
When the demand for a country's exports increases, its export function _____
a. shifts upward b. shifts downward c. rotates upward d. rotates downward
Now, about ____ percent of American married-couple families have two or more wage earners.
A. 35 B. 50 C. 60 D. 90