The change in consumption divided by a change in income is called the
a. consumption function
b. marginal propensity to consume
c. marginal propensity to spend
d. spending function
e. changing propensity to consume
B
Economics
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"The crowding-out effect occurs when a government budget surplus reduces private savings." Is the previous statement true or false? Explain your answer
What will be an ideal response?
Economics
In the short run, a firm will produce a positive amount of output as long as
a. P > AVC at some output level b. P > MC at some output level c. P < AVC at some output level d. AVC < ATC at some output level e. FC > TR at some output level
Economics