Multiple Choice
Jeff and Lori's disposable income rose from $80 000 per year to $84 000 and their desired consumption expenditure rose from $76 000 to $79 000.It can be concluded that their
A) average propensity to consume is constant.
B) average propensity to save is always 0.25.
C) marginal propensity to consume decreased.
D) marginal propensity to consume is 0.25.
E) marginal propensity to save is 0.25.
Correct Answer:
Verified
Correct Answer:
Verified
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