Answer: d. consumption spending; disposable income
?Marginal propensity to consume is equal to the change in ____ divided by the change in ____
a. consumption spending; total income
b. saving; total income
c. saving; disposable income
d. consumption spending; disposable income
Economics
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All points on an indifference curve represent combinations of two goods that are equally desirable to the consumer.
Answer the following statement true (T) or false (F)
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Why is gold very expensive, even though it is not essential to life, while water, which is essential to life, is inexpensive?
What will be an ideal response?
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Ceteris paribus, an increase in the government's budget deficit will increase the current account deficit
Indicate whether the statement is true or false
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Under a fixed exchange rate system, the exchange rate
a. is equal to one. b. fluctuates as the price of gold fluctuates. c. is fixed and interest rates must vary in response to balance of payment movements. d. can periodically change as economic conditions change.
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