The marginal propensity to consume is the .
A) fraction of GDP consumed
B) fraction of total disposable income consumed
C) total amount of disposable income consumed
D) fraction of a change in disposable income that is consumed.
Correct Answer:
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Q74: The marginal propensity to consume is equal
Q75: The size of the marginal propensity to
Q76: An increase in disposable income shifts
A) both
Q77: The MPC is the fraction of
A) total
Q78: The MPC is equal to
A) △C /
Q80: The marginal propensity to consume is
A) the
Q81: When disposable income increases from $7 trillion
Q82: If the MPC equals 0.75, then
A) consumption
Q83: 1 - MPC equals
A) autonomous consumption.
B) induced
Q84: The MPS equals the ratio of
A) saving
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