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Author Question: If autonomous consumption is greater than zero and the marginal propensity to consume is greater ... (Read 36 times)

burchfield96

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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


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wuly

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

False

Answer to Question 2

False


burchfield96

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ultraflyy23

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

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