Multiple Choice
If a household's income rises from $20,000 to $22,000 and its consumption spending rises from $19,000 to $20,500,then its
A) marginal propensity to save is 0.70
B) marginal propensity to save is 0.02
C) marginal propensity to consume is 0.93
D) marginal propensity to consume is 0.95
E) marginal propensity to consume is 0.75
Correct Answer:
Verified
Correct Answer:
Verified
Q114: At the equilibrium level of real GDP,the
Q115: Which of the following would tend to
Q116: If the market interest rate equals 8
Q117: What is the effect on the consumption
Q118: Exhibit 9-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 9-4
Q120: An increase in incomes in other countries,other
Q121: The owners of the Morning Glory Coffee
Q122: New investment will be undertaken up to
Q123: Exhibit 9-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 9-4
Q124: Which of the following is the most