The marginal propensity to save is
a. the change in saving divided by the change in income
b. the change in income divided by the change in saving
c. saving divided by income
d. income divided by saving
e. saving divided by consumption
A
You might also like to view...
If the actual reserve/deposit ratio equals 8% and the desired reserve/deposit ratio for this bank is 10%, the bank should:
A. send the extra reserves to the central bank. B. stop making loans. C. make more loans in order to earn interest. D. do nothing because this is a profitable situation.
Explain why the short-run supply curve is not vertical, but the long-run aggregate supply curve is vertical
Which of the following is most important for the achievement of long-term economic growth and a high level of per capita income?
a. abundant natural resources b. foreign aid c. policies and institutions that encourage productive activities d. institutions and policies that control the growth of population
Marginal utility is calculated as
A. total utility/change in number of units consumed. B. total utility/number of units consumed. C. change in total utility/number of units consumed. D. change in total utility/change in number of units consumed.