The marginal propensity to consume is defined as the
a. fraction of total income not spent on consumption.
b. proportion of any change in income that is spent on consumption.
c. fraction of total income spent on consumption.
d. fraction of a change in income that is saved.
B
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European Vacation After staying around 1.35 US dollars per Euro for years, the exchange rate fell below 1.25 US dollars to a euro during the summer of 2014 . What affect does this have on tourism in Europe?
Less restrictive immigration policies would shift the labor demand to the right
Indicate whether the statement is true or false
Which of the following is not a basic monetary policy tool used by the Fed?
A. The discount rate. B. The reserve requirement. C. Taxes. D. Open-market operations.
In the United States in 2014, the health care industry was the largest employer in ________ states.
A) 7
B) 27
C) 34
D) 48