All of the following statements about consuming in excess of one's disposable income are true, except:
A. It is possible, and it's called dissaving
B. In this case, the values of both saving and the APS are negative
C. (APC + APS) will be less than 1 in this situation
D. The value of APC will be greater than 1 in this case
C. (APC + APS) will be less than 1 in this situation
Economics
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In the debate between equity and efficiency, _____ tend to favor efficiency, while _____ tend to favor equity
a. Keynesians; classicals b. monetarists; supply-siders c. supply-siders; Keynesians d. classicals; supply-siders.
Economics
A movement from one point to an another point on the same consumption function could be caused due to
a. changes in wealth. b. an increase in the general price level. c. decrease in the real interest rates. d. changes in disposable income.
Economics