Which of the following statements about consumption is correct? (1) The level of autonomous consumption determines the position of the consumption function; (2) The marginal propensity to consume determines the position of the consumption function; (3) The level of autonomous consumption determines the slope of the consumption function; (4) The level of income determines the slope of the consumption function.

Which of the following statements about consumption is correct? (1) The level of autonomous consumption determines the position of the consumption function; (2) The marginal propensity to consume determines the position of the consumption function; (3) The level of autonomous consumption determines the slope of the consumption function; (4) The level of income determines the slope of the consumption function.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter18: The Keynesian Model

Section: Chapter Questions

Problem 6SQ

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