________ describes the relationship between consumption spending and disposable income
A) The liquidity trap B) The consumption function
C) Household wealth D) The paradox of thrift
B
Economics
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Suppose the required reserve ratio is 3 percent, and currency and reserves total $10 million. The maximum money supply that can be supported is:
a. $13 million. b. $30 million. c. $97 million. d. $333.3 million.
Economics
For all goods other than those that are addictive, and assuming that the quantity consumed is not so large that the last units consumed generate negative marginal utilities, we can say that, for the consumer, as more of the good is consumed, its marginal utility _____ while its total utility _____
a. increases; decreases b. decreases; increases c. increases; increases d. decreases; decreases e. no general rule can be made here
Economics