The fraction of a change in income that is consumed or spent is called:
A) the marginal propensity to save
B) the marginal propensity to consume
C) the marginal propensity of income
D) average consumption
Correct Answer:
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Q1: The portion of unemployment that is due
Q2: If an increase in the level of
Q3: The ratio of the change in the
Q5: Which of the following is NOT a
Q6: The MPW is:
A) the ratio of income
Q7: When the aggregate expenditure curve is above
Q8: If an economy's MPC is 0.7, then
Q9: Which of the following is NOT a
Q10: Structural unemployment is the:
A) unemployment that results
Q11: If an economy's MPC is 0.8, then
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