Let "C = Ca + by" define the consumption function. The term "b" is known as
A) autonomous consumption. B) induced consumption.
C) the marginal propensity to save. D) the marginal propensity to consume.
D
Economics
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The table in the above figure shows the levels of output resulting from different levels of inputs. At which level of input are there constant returns to scale?
A) 400-600 units B) Constant returns to scale exist throughout all levels of production. C) Constant returns to scale do not exist at any level of production. D) No firm conclusions can be drawn.
Economics
When a firm builds a new factory, this is an example of an investment in
A. the market. B. physical capital. C. research and development. D. human capital.
Economics