The marginal propensity to consume refers to
A) the additional saving that occurs out of an additional dollar of disposable income.
B) the additional consumption expenditure that occurs out of an additional dollar of disposable income.
C) the additional consumption expenditure that occurs out of an additional dollar of investment.
D) the ratio of total consumption expenditure to total disposable income.
Correct Answer:
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Q65: The marginal propensity to consume is equal
Q66: At a level of disposable income of
Q67: An increase in disposable income
A) shifts the
Q68: The marginal propensity to consume is
A) total
Q69: The marginal propensity to consume is the
A)
Q71: The MPC is equal to
A) △ C
Q72: As disposable income increases, there is a
Q73: The MPC is the fraction of
A) total
Q74: The marginal propensity to consume is the
A)
Q75: The value of the marginal propensity to
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