If we assume that government expenditure, investment, and net exports are not affected by income, the slope of the consumption function equals
A. The change in income divided by the change in consumption.
B. APC.
C. APS.
D. The slope of the aggregate expenditure curve.
Answer: D
Economics
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If the quantity of tacos demanded is represented by the equation QD = 20 - 0.5P then the corresponding price of tacos is represented by the equation
A) P = 10 - 2QD. B) P = 40 - 2QD. C) P = 0.5QD + 10. D) P = QD + 40.
Economics
The income of corporate managers is included in
a. employee compensation b. interest c. rent d. corporate profit e. proprietors' income
Economics