Q1 what is meant by average propensity to consume suppose

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Q1. What is meant by average propensity to consume? Suppose that $1000 out of $10000 disposable income is saved. What is the APC?

Q2. If the price level is $1.15 and the $V is .87, will an increase or decrease in the money supply increase the price level to the tolerable range and why?

Q3. What is meant by the average propensity to consume? Suppose that $1,000 out of $10,000 disposable income is saved. What is the APC?

Reference no: EM13354328

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