The change in consumption divided by a change in disposable 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
You might also like to view...
Which of the following is an advantage of starting a new business as a sole proprietorship?
A) The owner has limited personal liability. B) Business profits are not taxed. C) A sole proprietorship has few government rules and regulations to comply with. D) A sole proprietorship can easily attain additional funding.
Economics
Which are the main trading partners of the United States?
(A) Germany, Great Britain, China, and France. (B) Canada, Mexico, China, and Japan. (C) The Middle Eastern countries. (D) The Central American countries.
Economics