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What Is Meant by the Marginal Propensity to Save

Question 22

Multiple Choice

What is meant by the marginal propensity to save?


A) The ratio of change in savings to the corresponding change in income.
B) The ratio of change in income to the corresponding change in savings.
C) The ratio of change in savings to the corresponding change in consumption.
D) The portion of savings that is independent of the level of income.

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