The marginal propensity to consume is:
a. the change in income divided by the change in consumption.
b. consumption spending divided by income.
c. income divided by consumption spending.
d. the change in consumption divided by the change in income.
e. the change in consumption divided by income.
d
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How do changes in interest rates affect exchange rates?
What will be an ideal response?
A bank that mismatches its asset and liability maturities is
A) trying to reduce credit risk. B) willingly accepting greater credit risk. C) essentially engaging in interest-rate speculation. D) trying to protect itself against interest rate movements.
A shortage is the same as an excess demand
a. True b. False Indicate whether the statement is true or false
When a good does not have a __________ attached to it, private markets fail to ensure that the good is produced and consumed in the proper amounts
Fill in the blank(s) with correct word