If the marginal propensity to save is 0.6, then the marginal propensity to consume is
A) 0.6.
B) 0.4.
C) 1.0.
D) More information is needed in order to calculate the correct answer.
Correct Answer:
Verified
Q87: The size of the marginal propensity to
Q88: When disposable income increases from $6 trillion
Q89: Between 2015 and 2016 the government reported
Q90: If consumption expenditures for a household increase
Q91: The marginal propensity to save is
A) total
Q93: The MPC and MPS sum to
A) 1.
B)
Q94: The marginal propensity to save equals the
A)
Q95: Suppose real GDP increases from $13 trillion
Q96: Between 2015 and 2016 the government reported
Q97: Between 2015 and 2016 the government reported
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