If your disposable personal income increases from $10,000 to $15,000 and your consumption increases from $9,000 to $13,000, your marginal propensity to consume is:
A) 0.2.
B) 0.4.
C) 0.6.
D) 0.8.
Correct Answer:
Verified
Q1: The decline in the Finnish economy of
Q2: The marginal propensity to consume equals the:
A)
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
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