The average propensity to consume is the
A) percentage of total disposable income consumed.
B) ratio of changes in planned consumption to changes in real disposable income.
C) rate at which real disposable income changes as planned consumption changes.
D) slope of the consumption function.
A
Economics
You might also like to view...
Autarkia imports oil and natural gas and exports food grains to the rest of the world. Based on this information, we can conclude that Autarkia is a(n) ________ economy
A) closed B) command C) open D) communist
Economics
Which school of economic thought is most closely associated with calls for monetary rules to guide monetary policy decisions?
a) The Monetarist school b) The Classical school c) The Keynesian school d) The Austrian school
Economics