Macroeconomics Chapter 4 - Study guides, Class notes & Summaries

Macroeconomics Chapter 4 Test Bank questions Desired national saving equals - ANSWERSY - Cd - G. The desire to have a relatively even pattern of consumption over time is known as - ANSWERSthe consumption-smoothing motive. When a person gets an increase in current income, what is likely to happen to consumption and saving? - ANSWERSConsumption increases and saving increases. The fraction of additional current income that a person consumes in the current period is known as the - AN...