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Retnec Retnec
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7 years ago
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

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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7 years ago
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Retnec Author
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#2
7 years ago
My exam's next week!

Perfect timing
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