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Author Question: Which of the following statements is true concerning the consumption function? a. It slopes upward. ... (Read 11 times)

luminitza

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on: Jun 30, 2018
Which of the following statements is true concerning the consumption function?
 a. It slopes upward.
  b. Its slope equals the MPC.
  c. It represents the direct (positive) relationship between consumption spending and the level of real disposable income.
  d. If the consumption function lies above the 45-degree line then saving is positive.
  e. All of these.

Question 2

The three major revenue sources for the federal government in order of decreasing percentages are individual income taxes, corporate taxes, and social security insurance.
 a. True
  b. False
  Indicate whether the statement is true or false


britb2u

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

False


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luminitza

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Reply #2 on: Jun 30, 2018
Thank you


britb2u

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Reply #3 on: Jun 30, 2018
No problemo


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