What is meant by the term the marginal propensity to expend?
A) Aggregate expenditures as a fraction of income.
B) Autonomous expenditures as a fraction of income.
C) The ratio of change in aggregate expenditures that results from a change in income.
D) The ratio of change in autonomous expenditures that results from a change in income.
Correct Answer:
Verified
Q6: How is the MPC defined?
A)It is the
Q7: What is meant by the term induced
Q8: What is the marginal propensity to import?
A)It
Q9: What is autonomous spending?
A)The portion of total
Q10: What is meant by the term the
Q12: What is true of the size of
Q13: On what does the level of consumption
Q14: What is the formula for the marginal
Q15: Which of the following is true regarding
Q16: What is the formula for the marginal
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