The marginal propensity to consume is the
A) amount by which disposable income increases when consumption increases by $1.
B) amount by which consumption increases when disposable income increases by $1.
C) percentage by which consumption increases when disposable income increases by $1.
D) percentage by which disposable income increases when consumption increases by $1.
E) ratio of consumption to disposable incomE.
Correct Answer:
Verified
Q55: As incomes go up,the
A) average propensity to
Q56: The fraction,or percentage,of disposable income that is
Q57: The average propensity to consume is consumption
A)
Q58: The marginal propensity to consume is the
Q59: If disposable income decreases,the average propensity to
Q61: The portion of planned aggregate expenditure determined
Q62: When actual private-sector investment is greater than
Q63: If consumption increases by $8 when disposable
Q64: When actual private-sector investment is less than
Q65: Unplanned inventory investment equals zero when
A) planned
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