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Author Question: The slope of the consumption function is equal to A) the change in national income divided by the ... (Read 145 times)

acc299

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on: Jun 29, 2018
The slope of the consumption function is equal to
 
  A) the change in national income divided by the change in consumption.
  B) the change in disposable income divided by the change in consumption.
  C) the change in consumption divided by the change in personal income.
  D) the change in consumption divided by the change in disposable income.

Question 2

The size of the underground economy as a percent of GDP is larger in the United States as compared to poorer countries such as Zimbabwe.
 
  Indicate whether the statement is true or false


scikid

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


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