What is the marginal propensity to consume?
A) the percentage of disposable income that is consumed.
B) the percentage of total income that is consumed.
C) the change in consumption expenditure divided by the change in disposable income.
D) one minus the fraction of total disposable income that is saved.
Correct Answer:
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Q59: Consumption expenditures equal disposable income
A) at every
Q60: When the consumption function lies above the
Q61: The marginal propensity to consume is the_
A)
Q62: When disposable income is 0, consumption is
Q63: The marginal propensity to consume is
A) the
Q65: The marginal propensity to consume is found
Q66: A movement along the saving function occurs
Q67: At a level of disposable income of
Q68: As disposable income increases, there is a
Q69: The marginal propensity to consume measures
A) the
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