Multiple choice question just tell me the answer Early empirical success of Keynes’s conjectures demonstrated. a. that the average propensity to consume falls over time. b. that consumers smooth consumption between present and future. c. a strong positive relationship between income and consumption. d. consumers saved lower fraction of income.

Multiple choice question just tell me the answer Early empirical success of Keynes’s conjectures demonstrated. a. that the average propensity to consume falls over time. b. that consumers smooth consumption between present and future. c. a strong positive relationship between income and consumption. d. consumers saved lower fraction of income.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter23: The Aggregate Expenditure Model

Section: Chapter Questions

Problem 1P

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QUESTION 21 What is the marginal propensity to consume? a. The ratio of the change in consumption to the change in national income O b. The proportion of national income that goes on consumption O c. The additional spending by a consumer when the price of a good falls O d. The additional revenue received by a firm when it attracts a new customer
What of the following summarises the the paradox thirft? a. if all people reduce their consumption, the additional saving makes higher investment possible. b. if all people try to increase their saving simultaneously then consumption, income and emplyment will fall but the volume of saving will remain unchanged. c. higher saving is required to achieve higher investment. d. the proprotion of national income saved decreases if the marginal propensity to consume decreases.
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The table below provides Income and consumption Data in billions of dollars. Answer questions 21-24 based on it.Disposable Consumption SavingsIncome100 80 --------200 150 ---------What is the marginal propensity to save for this economy? a. 0.75 b. 0.50 c. 0.3 d. cannot be determined
past b please