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Author Question: If autonomous consumption is greater than zero and the marginal propensity to consume is greater ... (Read 65 times)

burchfield96

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If autonomous consumption is greater than zero and the marginal propensity to consume is greater than zero, but less than one, the consumption function will first be below and then above the 45 degree line.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The United States has a much higher national debt as a percentage of GDP compared to other industrialized nations.
 a. True
  b. False
  Indicate whether the statement is true or false



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wuly

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Answer to Question 1

False

Answer to Question 2

False




burchfield96

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


tuate

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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