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1. The relationship between consumption expenditure and disposable income can be identified from a slope of consumption
Posted: Thu May 26, 2022 8:36 am
by answerhappygod
- 1 The Relationship Between Consumption Expenditure And Disposable Income Can Be Identified From A Slope Of Consumption 1 (24.11 KiB) Viewed 12 times
1. The relationship between consumption expenditure and disposable income can be identified from a slope of consumption curve. Answer: Reason: 2. The marginal propensity to save must be smaller than one. Answer: Reason: 3. A fall in the price level shifts the aggregate supply curve upward and decreases the quantity of real GDP supplied. Answer: Reason: 4. If tax revenues are more than the government expenditures in a year, the budget deficit would be negative. Answer: Reason: 5. The aggregate supply curve is shifted leftward by an increase in tax rates. Answer: Reason: