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Exhibit 15-1 Disposable Income and Consumption Data

Question 1

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Exhibit 15-1 Disposable income and consumption data
Exhibit 15-1 Disposable income and consumption data -In Exhibit 15-1,when disposable income (Y) is increased from $0 to $1,000 to $2,000,the marginal propensity to consume: A) is 1. B) decreases from 0.9 to 0.8. C) decreases from 0.8 to 0.7. D) increases from 0.8 to 0.9. E) is negative.
-In Exhibit 15-1,when disposable income (Y) is increased from $0 to $1,000 to $2,000,the marginal propensity to consume:


A) is 1.
B) decreases from 0.9 to 0.8.
C) decreases from 0.8 to 0.7.
D) increases from 0.8 to 0.9.
E) is negative.

Correct Answer:

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