Author Question: Refer to the above table. The table gives the combinations of real disposable income and real ... (Read 111 times)

robinn137 · **on:** Jun 30, 2018

Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to consume when real disposable income equals 14,000?

A) 0.91 B) 1.1 C) 0.09 D) 0.7

Question 2

The purchasing power of the dollar

A) varies directly with the purchasing power of other major currencies such as the euro and the Japanese yen.
B) varies inversely with the price level.
C) varies directly with the price level.
D) varies directly with the price of gold.

mrphibs · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

B

robinn137 · **Reply #2 on:** Jun 30, 2018

Thank you

mrphibs · **Reply #3 on:** Jun 30, 2018

No problemo

Author Question: Refer to the above table. The table gives the combinations of real disposable income and real ... (Read 111 times)

robinn137

Refer to the above table. The table gives the combinations of real disposable income and real ...

mrphibs

Refer to the above table. The table gives the combinations of real disposable income and real ...

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robinn137

Refer to the above table. The table gives the combinations of real disposable income and real ...

mrphibs

Refer to the above table. The table gives the combinations of real disposable income and real ...