Daniel Technology Group

Multiple Choice. Please help! Thanks.

#1 - As aggregate income decreases, the APC:
a. and APS will both increase.
b. will decrease, but the APS will increase.
c. will increase, but the APS will decrease.
d. and APS will both decrease.

#2 - The most important determinant of consumption and saving is the:
a. level of bank credit.
b. level of income.
c. interest rate.
d. price level.

#3 - The most important determinant of consumption and saving is the:
a. level of bank credit.
b. level of income.
c. interest rate.
d. price level.