According to the above table, as the level of real disposable income increases
A) the APS increases. B) the APC increases.
C) the marginal propensity to save declines. D) the marginal propensity to consume increases.
A
Economics
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An increase in labor productivity relates to
A) working harder over time. B) working longer over time. C) producing the same output with fewer labor hours. D) producing the same output with more labor hours.
Economics
According to the circular flow model, an increase in spending by businesses on productive resources would cause the income and spending of consumers to increase
Indicate whether the statement is true or false
Economics