Marginal propensity to consume measures
A) how much consumption changes for a given change in income.
B) the amount of consumption at a given income level.
C) how much is saved as income increases.
D) the amount needed for basic food and shelter.
E) how much real GDP changes for a given change in consumption.
Correct Answer:
Verified
Q62: The consumption function for the whole economy
A)looks
Q63: If the marginal propensity to consume declines,
Q66: The marginal propensity to consume is best
Q67: Exhibit 23-2 Q70: According to the consumption function, as income Q72: Which of the following statements is false? Q73: Disposable income and real GDP behave the Q74: If two successive levels of disposable personal Q75: Exhibit 23-2 Q77: Suppose consumption increases by $250 million when
A)Aggregate
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