The slope of the linear consumption function represents induced consumption expenditures
Indicate whether the statement is true or false
TRUE
Economics
You might also like to view...
Sarah is a full-time student who is not looking for work. What kind of unemployment is Sarah experiencing?
A) frictional B) cyclical C) structural D) Sarah is not experiencing unemployment of any kind, because she is not currently part of the labor force.
Economics
What is the relationship between the long-run industry supply curve and the short-run supply curve in a perfectly competitive market?
Economics
If your taxable income was $50,000 and you had an average tax rate of 20 percent, how much tax did you pay?
What will be an ideal response?
Economics
If you can consume a good without having to pay for it, the good must be nonrival in consumption.
Answer the following statement true (T) or false (F)
Economics