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The Consumption & Savings Function
Master the consumption and savings function with this Economics Unit 2 Quiz!
12
Questions
Author:
Krish Beachoo
Edu Level: Unit2
Date: Nov 27 2024 - 9:22 PM
Question 1
What is Autonomous Consumption?
Question 2
What is Marginal Propensity to Consume (MPC)?
Question 3
What is Marginal Propensity to Save (MPS)?
Question 4
What is the MPS + MPC equal to?
Question 5
What is the form of the consumption function?
Question 6
What is the form of the savings function?
Question 7
Which function does the following represent?
\\(C = a + bY_d \\)
Question 8
Which function does the following represent?
\\(S = -a + (1-b)Y_d \\)
Question 9
Find the MPS from the following function
\\(C = 150 + 0.7Y_d\\)
Question 10
Find the MPC from the following function
\\(C = 250 + 0.9Y_d\\)
Question 11
Find the MPS from the function below:
\\(S = -300 + (1-0.6)Y_d\\)
Question 12
What does \(Y_d\) represent in the below function?
\\(C = a+ bY_d\\)
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