The marginal propensity to consume is a)the average amount of income that is consumed or spent b)the ratio of consumption to income c)the ratio of the change in consumption to a change in income d)the ratio of income to consumption
The marginal propensity to consume is a)the average amount of income that is consumed or spent b)the ratio of consumption to income c)the ratio of the change in consumption to a change in income d)the ratio of income to consumption
Chapter8: The Keynesian Model
Section: Chapter Questions
Problem 6SQ
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The marginal propensity to consume is
a)the average amount of income that is consumed or spent
b)the ratio of consumption to income
c)the ratio of the change in consumption to a change in income
d)the ratio of income to consumption
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