Multiple Choice
What is the definition of "marginal propensity to consume"?
A) the change in desired consumption divided by the change in saving that brought it about
B) the change in desired consumption divided by total disposable income
C) the change in desired consumption divided by the change in disposable income that brought it about
D) total desired consumption divided by total disposable income
E) total desired consumption divided by the change in disposable income that brought it about
Correct Answer:
Verified
Correct Answer:
Verified
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