The ratio of a change in consumption to a change in income is the
a. consumption ratio
b. propensities to consume and to income
c. average propensity to consume
d. average propensity to consume and to save
e. marginal propensity to consume
E
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What will be an ideal response?
What kind of costs remain the same regardless of the level of production?
A. Total B. Fixed C. Marginal D. Variable
If the annual interest rate remains unchanged over the next two years, and the present value of $120 to be received one year from now is $100, what will $100 be worth two years from now?
A) $120 B) $140 C) $144 D) Uncertain. We need to know the interest rate.
________: the change in investment with respect to the change in interest rates
Fill in the blank(s) with correct word