Solved

If the Marginal Propensity to Consume Declines, Then

Question 75

Multiple Choice

If the marginal propensity to consume declines, then


A) for any given change in income, there will be a smaller change in saving.
B) nothing will happen to the consumption function.
C) for any given change in income, there will be a larger change in consumption.
D) for any given change in consumption, there will be a smaller change in income.
E) for any given change in income, there will be a smaller change in consumption.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions