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When the Marginal Propensity to Consume Is Less Than 1

Question 19

Multiple Choice

When the marginal propensity to consume is less than 1, the:


A) Average propensity to consume is greater than 1
B) Average propensity to save is greater than 1
C) Marginal propensity to save is negative
D) Marginal propensity to save is positive

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