Multiple Choice
With an MPS of 0.3, the MPC will be
A) 1 − 0.3.
B) 0.3 − 1.
C) 1/0.3.
D) 0.3.
Correct Answer:
Verified
Related Questions
Q218: If a family's MPC is 0.7, it
Q219: Q220: The saving schedule shows the relationship of Q221: In a private closed economy, national income Q222: Q224: Q225: In an economy, for every $10 million Q226: When the marginal propensity to consume is Q227: The fraction, or percentage, of total income Q228: 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
