Which one of the following statements is MOST accurate? ( )
A: In general, consumption demand rises by more than income.
B: In general, consumption demand rises by the same amount as disposable income rises.
C: In general, consumption demand rises by more than disposable income.
D: In general, consumption demand rises by less than disposable income.
A: In general, consumption demand rises by more than income.
B: In general, consumption demand rises by the same amount as disposable income rises.
C: In general, consumption demand rises by more than disposable income.
D: In general, consumption demand rises by less than disposable income.
举一反三
- a good (or service) whose consumption declines as income rises and increases as income decreases increase in income=decrease in consumption decrease in income=increase in consumption
- Which of the following will NOT happen if the income tax rate (t) is increased? A: the expenditure multiplier and consumption will both decrease B: disposable income, saving, and consumption will all decrease C: consumption and income both will decrease, but saving will increase D: the full-employment budget surplus will increase E: autonomous spending will stay the same but national income will decrease
- A consumption function shows a A: negative (inverse) relationship between consumption expenditure and saving. B: positive (direct) relationship between consumption expenditure and price level. C: negative (inverse) relationship between consumption expenditure and disposable income. D: positive (direct) relationship between consumption expenditure and disposable income.
- The supply of loanable funds, or “national saving,” is<br/>equal to ____ A: income - consumption. B: income - consumption - taxes. C: income - consumption - government spending. D: income - consumption - government spending - taxes.
- Which of the following typically rises during a recession? () A: consumption B: unemployment C: corporate profits D: automobile sales