When investment is assumed autonomous the slope of the AD schedule is determined by the –
A. marginal propensity to invest
B. disposable income
C. marginal propensity to consume
D. average propensity to consume
Answer:C
When investment is assumed autonomous the slope of the AD schedule is determined by the –
A. marginal propensity to invest B. disposable income C. marginal propensity to consume D. average propensity to consume