MACRO CH. 11

The marginal propensity to consume is:

The marginal propensity to consume equals the:

The marginal propensity to save plus the marginal propensity to consume must equal:

If the MPS = 0.1, then the multiplier equals:

If the multiplier equals 4, then the marginal propensity to save must be equal to:

If your disposable income increases from $10,000 to $15,000 and your consumption increases from $9,000 to $12,000, your marginal propensity to consume is:

If your disposable personal income increases from $10,000 to $15,000 and your consumption increases from $9,000 to $13,000, your marginal propensity to consume is:

(Figure: Consumption and Real GDP) Look at the figure Consumption and Real GDP. The slope of the consumption function is called the:

(Figure: Consumption and Real GDP) Look at the figure Consumption and Real GDP. The marginal propensity to consume is:

(Table: Individual and Aggregate Consumption Functions) Look at the table Individual and Aggregate Consumption Functions. Which of the following represents Andy's individual consumption function?