A high marginal propensity to consume implies which of the following?
A) A small change in consumption when income changes
B) A high savings rate
C) A high marginal tax rate
D) An equilibrium level of income near full employment
E) A low marginal propensity to save
Ans: E) A low marginal propensity to save
You might also like to view...
The good produced by a monopoly
A) has perfect substitutes. B) has no substitutes at all. C) has no close substitutes. D) can be easily duplicated. E) must be unable to be resold.
Which area in the above figure shows the consumer surplus at the price and quantity that would be set by a single-price monopoly?
A) A + B B) A + B + C + D + E C) C + D D) C + D + E + F + G + H
In a typical prisoner's dilemma with two prisoners, the prisoners will serve the least number of years in prison if both of them confess their crimes
a. True b. False Indicate whether the statement is true or false
Market _____ occurs when the market does not produce the optimal quantity of output.
Fill in the blank(s) with the appropriate word(s).