The consumption schedule shows:
A)that the MPC increases in proportion to GDP.
B)that households consume more when interest rates are low.
C)that consumption depends primarily on the level of business investment.
D)the amounts households plan or intend to consume at various possible levels of aggregate income.
Answer:D
The consumption schedule shows:
A)that the MPC increases in proportion to GDP. B)that households consume more when interest rates are low. C)that consumption depends primarily on the level of business investment. D)the amounts households plan or intend to consume at various possible levels of aggregate income.