True/False
The marginal propensity to consume measures the change in consumption divided by the change in income.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q52: Net exports are<br>A)the value of goods produced
Q54: Dennis spends $400 on a snowblower,expecting to
Q55: Expectations that disposable income will decrease in
Q56: Which of the following best represents the
Q58: If the MPC < 1 and a
Q59: Which of the following would shift the
Q60: Economists assume that the fundamental motive of
Q61: Which of the following is true of
Q62: Expectations that the price level will rise
Q110: If a household's income rises from $46,000