Author Question: If autonomous consumption is greater than zero and the marginal propensity to consume is greater ... (Read 18 times)

burchfield96 · **on:** Jun 30, 2018

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