The marginal propensity to consume tells us the intercept of the consumption function

Suppose a constitutional amendment is passed that mandates a balanced federal budget every year and the President and Congress consistently carry this mandate out. This would be an example of

A) active policy making. B) decisive policy making. C) nondiscretionary policy making. D) cooperative policy making.

Budget constraints exist for consumers because

a. their utility from consuming goods eventually reaches a maximum level b. even with unlimited incomes, they have to pay for each good they consume c. they have to pay for goods and they have limited incomes d. prices and income are inversely related e. demand curves for goods generally slope downward