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    Exam 21: The Simplest Short-Run Macro Model
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    The Increase in Aggregate Planned Expenditures Divided by the Change
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The Increase in Aggregate Planned Expenditures Divided by the Change

Question 52

Question 52

Multiple Choice

The increase in aggregate planned expenditures divided by the change in national income that brought it about is called the


A) average propensity to consume.
B) average propensity to save.
C) marginal propensity to spend.
D) marginal propensity to save.
E) marginal propensity to consume.

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