The MPC can be defined as the
A) change in consumption divided by the change in income.
B) change in income divided by the change in consumption.
C) ratio of income to saving.
D) ratio of saving to consumption.
Correct Answer:
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Q196: Q197: Q198: An increase in disposable income Q199: The fraction, or percentage, of total income Q200: When the consumption schedule is plotted on Q202: The relationship between the MPS and the Q203: Which of the following statements about consuming Q204: If there is a decrease in disposable Q205: If Matt's disposable income increases from $4,000 Q206: An MPC value of less than 1.0
A) increases consumption
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