Multiple Choice
Edgar, Angela, and Juan are coworkers who receive the same amount of money as a holiday bonus. Angela places most of her money in her 401k account and spends a small amount on stocking stuffers for her family. Edgar spends most of his money on a new smartwatch. Juan takes his wife out for a nice dinner and saves the remaining money. Who has the lowest marginal propensity to consume?
A) Angela
B) Juan
C) Edgar
D) There is not enough information to answer this question.
Correct Answer:
Verified
Correct Answer:
Verified
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