Multiple Choice
The marginal propensity to consume equals
A) consumption expenditure divided by disposable income.
B) consumption expenditure divided by the change in disposable income.
C) the change in consumption expenditure divided by the change in disposable income.
D) the change in consumption expenditure divided by disposable income.
E) the change in autonomous consumption divided by the change in induced consumption.
Correct Answer:
Verified
Correct Answer:
Verified
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