Multiple Choice
If the marginal propensity to consume was 0.9, it would mean that:
A) consumers spend $9 out of every $10 of additional disposable income.
B) consumers save $9 out of every $10 of additional disposable income.
C) consumers spend $1 out of every $10 of additional disposable income.
D) people should save more.
Correct Answer:
Verified
Correct Answer:
Verified
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