The marginal propensity to consume equals the:
A) proportion of consumer spending as a function of aggregate disposable income.
B) change in savings divided by the change in aggregate disposable income.
C) ratio of the change in consumer spending to the change in aggregate disposable income.
D) change in savings divided by the change in consumer spending.
Correct Answer:
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Q1: The decline in the Finnish economy of
Q3: If your disposable personal income increases from
Q4: The main reasons that retail sales fell
Q5: Assuming no taxes and no trade, the
Q6: The economy of Finland experienced a setback
Q7: The marginal propensity to consume is the
Q8: If your disposable income increases from $10,000
Q9: The marginal propensity to save plus the
Q10: The multiplier is:
A) 1 / (1 -
Q11: Suppose that the marginal propensity to consume
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