Multiple Choice
(Advanced analysis) If the equation for the consumption schedule is C = 20 + .8Y,where C is consumption and Y is disposable income,then the average propensity to consume is 1 when disposable income is:
A) $80.
B) $100.
C) $120.
D) $160.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q3: The practical significance of the multiplier is
Q25: The size of the MPC is assumed
Q38: The multiplier is useful in determining the<br>A)full-employment
Q63: The multiplier is<br>A) 1/MPC.<br>B) 1/(1 + MPC).<br>C)
Q88: The MPC for an economy is<br>A) the
Q96: Capital goods,because their purchases can be postponed
Q104: A high rate of inflation is likely
Q189: If 100 percent of any change in
Q200: In the late 1990s, the U.S. stock
Q216: If a $200 billion increase in investment