What is the formula for the marginal propensity to expend?
A) ∆ autonomous expenditures/∆ national income
B) ∆ national income/∆ induced expenditures
C) ∆ consumption/∆ national income
D) ∆ aggregate expenditures/∆ national income
Correct Answer:
Verified
Q9: What is autonomous spending?
A)The portion of total
Q10: What is meant by the term the
Q11: What is meant by the term the
Q12: What is true of the size of
Q13: On what does the level of consumption
Q15: Which of the following is true regarding
Q16: What is the formula for the marginal
Q17: What is meant by the marginal propensity
Q18: What does autonomous consumption refer to?
A)The level
Q19: 
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