The ratio of the change in consumption to the change in disposable income is called the
A) marginal utility of consumption.
B) average utility of consumption.
C) marginal propensity to consume.
D) average propensity to consume.
C
Economics
You might also like to view...
Which of the following is a price floor?
A) rent controls B) minimum wage rates C) a freeze on upward-moving gasoline prices D) college tuition caps
Economics
If consumers save 15 cents out of every dollar received, the:
A. Multiplier is 15. B. MPS is 0.85. C. MPS is 0.15. D. Multiplier is 0.15.
Economics
The policy shown in Figure 9.7 is a
A) price floor of $50. B) price support of $50. C) price ceiling of $30. D) quota of 2000. E) quota of 4000.
Economics
Is measured as the percentage chnage in real per capita GDP
What will be an ideal response?
Economics