The fraction of each added dollar of disposable income that is used for consumption is called the:
A) average propensity to consumer (APC) .
B) autonomous consumption rate (ACR) .
C) marginal consumption propensity (MCP) .
D) marginal propensity to consume (MPC) .
Correct Answer:
Verified
Q12: The marginal propensity to consume is defined
Q29: John Maynard Keynes's central proposition that a
Q30: The marginal propensity to consume (MPC) is
Q84: The marginal propensity to consume is:
A)the change
Q85: The slope of the consumption function is
Q86: The marginal propensity to consume measures the
Q87: The ratio of a change in consumption
Q90: If your disposable personal income increases from
Q92: Use the table below to answer the
Q94: The change in consumption divided by a
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