The sum of the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) equals:
a. 0.5
b. the multiplier.
c. the slope of the consumption function.
d. 1.0.
e. the slope of the saving function.
d
Economics
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The difference between a tariff and a quota is that the tariff revenue goes to the
A) domestic government. B) holder of the quota license. C) foreign government. D) domestic consumer. E) domestic producer.
Economics
One "problem" with applying the Jorgenson theory of investment to project investment is that
A) the MPK is known with certainty by business executives but the user cost is uncertain. B) the MPK is known with uncertainty by business executives but the user cost is certain. C) both user cost and the MPK are uncertain. D) it does not explain the accelerator.
Economics