• 2022-06-03
    In an economy, the portion of household spending that occurs independent of household income is known as
    A: autonomous consumption.
    B: dissavings.
    C: the marginal propensity to consume.
    D: the consumption function.
  • A

    内容

    • 0

      What is the time preference? A: People prefer the present consumption. B: People prefer the future consumption. C: Compared with the future consumption people prefer the present consumption. D: Compared with the present consumption people prefer the future consumption.

    • 1

      The utility function curve is convexed upwards, indicating that as<br/>the consumption of a certain commodity increases ( ) A: Increased marginal utility B: Increase in total utility C: Diminishing marginal utility D: Increase in average utility

    • 2

      When an economy begins above the Golden Rule, reaching the Golden Rule:( ) A: produces lower consumption at all times in the future. B: requires initially reducing consumption to increase consumption in the future. C: requires initially increasing consumption to decrease consumption in the future. D: produces higher consumption at all times in the future.

    • 3

      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.

    • 4

      In Europe, Churchill’s name was well known, if not a household word.