The Short-Run Marginal Propensity to Consume Can Be Derived Statistically

Multiple Choice

The short-run marginal propensity to consume can be derived statistically by calculating how

A) the level of consumption responds to changes in the level of disposable income.
B) changes in consumption respond to changes in disposable income from year to year.
C) consumption is correlated to disposable income on a quarterly basis.
D) changes in consumption of less durable goods respond to changes in disposable income.
E) none of the above.