The marginal propensity to consume (MPC) is calculated by which formula?
a. MPC = change in DI divided by change in C
b. MPC = change in GDP divided by change in DI
c. MPC = change in C divided by change in DI
d. MPC = change in C divided by change in GDP
c
Economics
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Moving along which curve does the money wage rate and the price level change in the same proportions?
A) the AD curve B) the SAS curve C) the LAS curve D) None of the above because there is no curve along which both the money wage rate and the price level change in the same proportions.
Economics
A US unemployment rate of 1.5% creates labor ____ which will cause ____
a. shortages; deflation b. surpluses; deflation c. shortages; inflation d. surpluses; inflation
Economics