Multiple Choice
The marginal propensity to consume is the:
A) ratio of consumption to income.
B) amount consumed out of an additional dollar of income.
C) amount available for consumption after precautionary saving.
D) ratio of consumption to wealth.
Correct Answer:

Verified
Correct Answer:
Verified
Q58: John Maynard Keynes believed that the marginal
Q59: Franco Modigliani's life-cycle hypothesis puts great emphasis
Q60: Which of the following conjectures that underlie
Q61: Examination of data from households shows that
Q62: An increase in income in period one
Q64: Explain the controversial views held by the
Q65: Keynes's conclusion is quite different from that
Q66: Kuznets' data showed a short-run consumption function
Q67: In the Fisher two-period model, if the
Q68: The consumption decisions of individuals are not