Multiple Choice
The marginal propensity to consume:
A) is the proportion of disposable income that is consumed.
B) is the ratio of disposable income to consumption.
C) is the change in consumption relative to a change in disposable income.
D) minus the marginal propensity to save must equal 1.
E) is greater than 1 at all levels of income.
Correct Answer:
Verified
Correct Answer:
Verified
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