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What Is Meant by the Term the Marginal Propensity to Expend

Question 16

Multiple Choice

What is meant by the term the marginal propensity to expend?


A) Aggregate expenditures as a fraction of income.
B) Autonomous expenditures as a fraction of income.
C) The ratio of change in aggregate expenditures that results from a change in income.
D) The ratio of change in autonomous expenditures that results from a change in income.

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