The slope of a graph of the consumption function equals the marginal propensity to consume.
Answer the following statement true (T) or false (F)
True
The MPC represents the portion of disposable income that is spent rather than saved.
Economics
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When calculating how much changes in the money supply will change nominal GDP, we use the money multiplier instead of the spending multiplier
a. True b. False Indicate whether the statement is true or false
Economics
In a decreasing cost industry, as output grows over time,
A. prices will fall. B. prices will stay the same. C. prices will rise. D. prices are zero.
Economics