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On a line chart, the income of a consumer is measured along the horizontal axis, and his consumption ...
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On a line chart, the income of a consumer is measured along the horizontal axis, and his consumption ...
On a line chart, the income of a consumer is measured along the horizontal axis, and his consumption is measured along the vertical axis. The slope of the line is equal to ________.
▸ change in consumption multiplied by change in income
▸ change in consumption minus change in income
▸ change in consumption divided by change in income
▸ change in consumption plus change in income
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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change in consumption divided by change in income
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