Author Question: The slope A) of a straight line is the same regardless of where on the line it is calculated. B) ... (Read 124 times)

justinmsk · **on:** Jun 29, 2018

The slope

A) of a straight line is the same regardless of where on the line it is calculated.
B) equals the change in the value of the variable measured on the vertical axis divided by the change in the variable measured along the horizontal axis.
C) will be small if a large change in the variable measured on the vertical axis is associated with a small change in the variable measured along the horizontal axis.
D) Answers A and B are correct.
E) Answers A and C are correct.

Question 2

The MPC is equal to the

A) level of consumption expenditure divided by the level of total disposable income that brought it about.
B) change in consumption expenditure divided by the total disposable income that brought it about.
C) change in disposable income divided by the change in consumption expenditure.
D) level of consumption divided by the change in disposable income that brought it about.
E) change in consumption expenditure divided by the change in disposable income that brought it about.