
Consumption and Savings
Quiz by Dakota Robbins
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8 questions
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- Q1What does the term "DI" stand for?disposable incomedirect incomedeposited income10s
- Q2Which two activities can households do with disposable income?consume and savespend and consumebuy and sell10s
- Q3The ability for a household to consume is constrained by the amount of disposable incomeTrueFalse10s
- Q4To consume is to not spend money on goods and servicesTrueFalse10s
- Q5MPC stands formarginal propensity to calculatemarginal propensity to createmarginal propensity to consume10s
- Q6The determinants of consumption and saving include all of the following exceptincomewealthhousehold debttaxes20s
- Q7MPS stands formarginal propensity to sellmarginal propensity to save20s
- Q8When households are saving they arein debtnot spendingconsuming20s