Solved

The Table Below Shows Disposable Income and Desired Consumption for a Closed

Question 103

Multiple Choice

The table below shows disposable income and desired consumption for a closed economy with no government. The table below shows disposable income and desired consumption for a closed economy with no government. TABLE 21-2 Refer to Table 21-2.The marginal propensity to save is equal to A) 0.8. B) 0.67. C) 0.6. D) 0.4. E) 0.2. TABLE 21-2 Refer to Table 21-2.The marginal propensity to save is equal to


A) 0.8.
B) 0.67.
C) 0.6.
D) 0.4.
E) 0.2.

Correct Answer:

verifed

Verified

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

Related Questions

Q98: Which of the following statements must be

Q99: Consider the following aggregate expenditure function: AE

Q100: The Smith family's disposable income rose from

Q101: If the marginal propensity to consume (MPC)is

Q102: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 21-1 Refer

Q104: Suppose aggregate output is demand-determined.If the business

Q105: The table below shows disposable income and

Q106: In a simple macro model with no

Q107: Consider the simplest macro model with demand-determined

Q108: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 21-1 Refer