Multiple Choice
If the marginal propensity to consume is 0.60, the marginal propensity to save will be:
A) greater than 0.60.
B) equal to 0.40.
C) equal to 0.60.
D) equal to 0.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q15: A given change in disposable income would
Q16: If the price level is fixed, then
Q17: Which of the following allows us to
Q18: The expenditure multiplier applies only to changes
Q19: Unplanned inventory decreases prompt firms to cut
Q21: Keynes believed that:<br>A)discretionary fiscal policy was needed
Q22: Consumption expenditure tends to increase when consumers
Q23: Identify factors that would cause consumption spending
Q24: If government spending increased by $100 billion
Q25: Which of the following is not true