Chat with AI
Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457 Exercise 4
John Maynard Keynes's proposition that a dollar increase in disposable income will increase consumption, but by less than the increase in disposable income, implies a marginal propensity to consume that is
A) greater than or equal to one.
B) equal to one.
C) less than one, but greater than zero.
D) negative.
A) greater than or equal to one.
B) equal to one.
C) less than one, but greater than zero.
D) negative.
Explanation
Verified
Verified
As the denominator increases a...
Economics for Today 7th Edition by Irvin Tucker
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
