Question: Question 37 (1 point) APC True False Consumption (C) Income (Y) Question 38 (1 point) The ratio of change in consumption (C) to change in

Question 37 (1 point) APC True False Consumption (C) Income (Y) Question 38 (1 point) The ratio of change in consumption (C) to change in income (Y) is known as Average propensity to consume True False Question 39 (1 point) MPC falls with the successive increase in income. It happens because as an economy becomes richer, it has the tendency to consume smaller percentage of each increment to its income. True False Question 40 (1 point) Private investment demand refers to the demand for Consumer Capital Retail Wholesale goods by private investors

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