The marginal propensity to consume is the
A) fraction of total disposable income consumed.
B) fraction of GDP consumed.
C) fraction of a change in disposable income that is consumed.
D) total amount of disposable income consumed.
Correct Answer:
Verified
Q64: An increase in disposable income shifts
A) both
Q65: The marginal propensity to consume is equal
Q66: At a level of disposable income of
Q67: An increase in disposable income
A) shifts the
Q68: The marginal propensity to consume is
A) total
Q70: The marginal propensity to consume refers to
A)
Q71: The MPC is equal to
A) △ C
Q72: As disposable income increases, there is a
Q73: The MPC is the fraction of
A) total
Q74: The marginal propensity to consume is the
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