Multiple Choice
If consumption is $25,000 when income is $26,000, and consumption increases to $25,900 when income increases to $28,000, the marginal propensity to consume is:
A) 0.55.
B) 0.59.
C) 0.65.
D) 0.45.
Correct Answer:
Verified
Related Questions
Q77: If the tax multiplier is - 6
Q78: Q79: If the marginal propensity to consume is Q80: Recall Application 2, "Using Long-Term Macro Data Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()