Author Question: The change in consumption divided by a change in disposable income is called the: a. consumption ... (Read 113 times)

future617RT · **on:** Jun 30, 2018

The change in consumption divided by a change in disposable income is called the:
a. consumption function.
b. marginal propensity to consume.
c. marginal propensity to spend.
d. spending function.
e. changing propensity to consume.

Question 2

Which of the following statements is true?
a. The national debt is the current year's amount by which the government is spending more than it collects as taxes.
b. Deficits are financed by the government issuing for sale more government securities.
c. The debt ceiling refers to the amount of debt at which the government is officially declared as being bankrupt.
d. Internal national debt is the portion of the national debt owed to foreigners.