Multiple Choice
With which of the following marginal propensities to consume would a given change in disposable income have the greatest effect on consumption?
A) 0.2
B) 0.4
C) 0.6
D) 0.8
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q16: Which of the following expenditures would be
Q17: Explain the difference between the average propensity
Q18: What would increase the supply of national
Q19: Higher interest rates will tend to reduce
Q20: Figure 8-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5766/.jpg" alt="Figure 8-1
Q22: What would be the impact on aggregate
Q23: During the 1970s,Canadian prices generally rose faster
Q24: If some non-price-level determinant causes total spending
Q25: Which of the following statements about the
Q37: The marginal propensity to consume is a