The relationship between the marginal propensity to consume and the marginal propensity to save is that:
A) they are equal.
B) the marginal propensity to consume is always greater than the marginal propensity to save.
C) the marginal propensity to save is always greater than the marginal propensity to consume.
D) they add up to 1.0.
Correct Answer:
Verified
Q3: Which of the following cannot be considered
Q4: Which of the following is not included
Q5: Which of the following factors is most
Q6: Which of the following is least likely
Q7: The relationship between consumption and disposable income:
A)
Q9: If your income increased from $30 000
Q10: If your income is $40 000 per
Q11: The marginal propensity to consume can be
Q12: Typically, as one's income increases, the MPS:
A)
Q13: If the MPC is increasing, the APC
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