Marginal propensity to consume means:
A) Inclination to conspicuous consumption
B) Low income group spending more
C) Rate of income spend on consumption
D) The rate of extra income that will be spent on consumption
Correct Answer:
Verified
Q11: In the Cambridge equation of M =KPR,
Q12: Who had a different macro theory than
Q13: "Mr. Keynes and the Classics" is the
Q14: The quantity theory of money is primarily
Q15: Which one of the following is not
Q17: Human capital formation refers to:
A)The process of
Q18: According to Keynesian analysis, consumption is a
Q19: If in an economy, out of every
Q20: Which of the following equation is wrong?
A)National
Q21: The essential condition to act as money
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