The average propensity to save (APS) is the proportion of disposable income that is saved
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Refer to the table above. Suppose that the only variable input that the firm uses is labor. What is the wage paid to a worker in the firm?
A) $1 B) $5 C) $10 D) $15
Refer to Scenario 1 . Assume this economy could either be at Point B or Point C. From which of these points is it more costly to produce more crabs? Explain your answer
What will be an ideal response?
The effect of an initial spending change causing a larger change in overall output is:
A. the multiplier effect B. crowding out. C. the income effect. D. the substitution effect.
An accurate demand curve can be derived by examining the quantities of a good that are sold over time as the price varies
a. True b. False Indicate whether the statement is true or false