Which one of the following is true, given that MPC represents the marginal propensity to consume and MPS represents the marginal propensity to save?
A) MPC + MPS = 1
B) MPC - MPS = 1
C) MPC/MPS = 1
D) MPC *MPS = 1
Correct Answer:
Verified
Q10: Keynesian economics is based on the idea
Q11: Income set aside for a period of
Q12: Consumption spending is most strongly determined by
A)
Q13: Discretionary fiscal policy is used to
A) create
Q14: Marginal propensity to consume
A) is the change
Q16: As the prospects for profitable business conditions
Q17: Discretionary fiscal policy involves the use of
A)
Q18: An increase in the marginal propensity to
Q19: If a $20,000 increase in income boosts
Q20: If a $20,000 increase in income boosts
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