The marginal propensity to consume measures
A) how much consumption expenditure occurs at the equilibrium level of income.
B) the fraction of a change in disposable income that is spent on consumption expenditure.
C) what percentage of disposable income goes to saving.
D) how much of a given level of disposable income is consumed.
Correct Answer:
Verified
Q92: The marginal propensity to consume is
A) the
Q93: The marginal propensity to consume
A) exceeds 1.
B)
Q94: The marginal propensity to consume is found
Q95: Suppose disposable income increases from $7 trillion
Q96: The marginal propensity to consume is
A) the
Q98: The MPC is the fraction of
A) total
Q99: The marginal propensity to consume refers to
Q100: If the marginal propensity to consume is
Q101: 1 - MPC equals
A) induced consumption.
B) the
Q102: The marginal propensity to save is
A) total
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