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The marginal propensity to consume is defined as

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The marginal propensity to consume is defined as

The marginal propensity to consume is defined as
A) the fraction of disposable income spent on consumption.
B) the dollar amount of the difference between disposable income and consumption spending.
C) the fraction of each additional dollar of disposable income that households spend.
D) total consumption spending divided by disposable income.
E) the change in disposable income divided by the change in consumption spending.

Textbook

Introduction to Economic Reasoning

Edition: 8^th

Author: Rohlf

Read 68 times

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Retnec Author

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6 years ago

My exam's next week!

Perfect timing

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