Multiple Choice
The marginal propensity to consume is defined to be
A) the change in desired consumption divided by total disposable income.
B) total desired consumption divided by total disposable income.
C) the change in desired consumption divided by the change in saving.
D) total desired consumption divided by the change in disposable income.
E) the change in desired consumption divided by the change in disposable income.
Correct Answer:
Verified
Correct Answer:
Verified
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