The proportion between total income and total consumption is called:
A) average propensity to consume
B) average propensity to save
C) marginal propensity to consume
D) marginal propensity to save
Correct Answer:
Verified
Q9: The branch of Economics that deals with
Q10: The central theme of Keynesian Theory is:
A)laissez-faire
B)free
Q11: Who repudiated Say's law of market?
A)j.b. say
B)david
Q12: Effective demand is that demand when:
A)aggregate demand
Q13: The concept of effective demand is associated
Q15: The proportion between incremental income and incremental
Q16: The proportion between total income and total
Q17: 1- MPC is called:
A)apc
B)aps
C)mpc
D)mps
Q18: APC + APS is equal to:
A)0
B)>0
C)1
D)<0
Q19: Multiplier is obtained by:
A)1 - mpc
B)1/1- mps
C)1/1-
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