If a $5,000 increase in income boosts consumption spending by $4,500, then the marginal propensity to save is
A) .10.
B) .20.
C) .30.
D) .40.
Correct Answer:
Verified
Q19: If a $20,000 increase in income boosts
Q20: If a $20,000 increase in income boosts
Q21: If an $80,000 increase in income boosts
Q22: If an $80,000 increase in income boosts
Q23: If a $5,000 increase in income boosts
Q25: If a $12,000 increase in income boosts
Q26: If a $12,000 increase in income boosts
Q27: The equilibrium level of income is the
Q28: In discretionary fiscal policy, tax cuts are
Q29: Unless the economy is beginning from 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