Multiple Choice
The marginal propensity to consume
A) is the proportion of disposable income consumed
B) is the reciprocal of the ratio of disposable income to saving
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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