If the saving schedule is a straight line, the:
A. MPS must be constant.
B. APS must be constant.
C. APC must be constant.
D. MPC must be rising.
A. MPS must be constant.
Economics
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Living in a world of scarcity involves trade-offs
a. True b. False Indicate whether the statement is true or false
Economics
If the marginal propensity to consume is 0.75 and autonomous consumption spending will decrease by $30 billion, by how much would net taxes need to decrease in order to have no change in output? (Ignore any timing issues.)
a. $60 billion b. $30 billion c. $90 billion d. $120 billion e. $40 billion
Economics