The Consumption & Savings Function

Master the consumption and savings function with this Economics Unit 2 Quiz!

Questions

Author: Author Image Krish Beachoo

Edu Level: Unit2

Date: Nov 27, 2024

Notebooks ⬅️ quizzes ⬅️ The Consumption & Savings Function

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\\)

REDO QUIZ

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