The marginal propensity to save is the fraction of a change in income that is saved.
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Q2: As disposable income increases,_.
A)consumption and saving both
Q5: The consumption function relates consumption spending to
Q15: The consumption function assumes that:
A)only disposable income
Q23: If a household's income falls from $26,000
Q24: A simple statement of the consumption behavior
Q26: Induced saving
A)is that part of saving that
Q27: The MPC is a relationship between
A)a change
Q29: If a household's income rises from $20,000
Q31: Induced consumption spending
A)represents consumption that is independent
Q33: If the MPC < 1 and a
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