As real disposable income increases, we expect the average propensity to consume (APC)
A) to always be below MPC. B) to increase.
C) to remain unchanged. D) to decrease.
D
Economics
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The demand curve for capital is
a. its entire marginal physical product curve. b. the downward-sloping portion of its marginal physical product curve. c. its entire marginal revenue product curve. d. the downward-sloping portion of its marginal revenue product curve.
Economics
What does the slope of the production possibilities curve represent? Explain
What will be an ideal response?
Economics