The MPC is equal to the
A) level of consumption expenditure divided by the level of total disposable income that brought it about.
B) change in consumption expenditure divided by the total disposable income that brought it about.
C) change in disposable income divided by the change in consumption expenditure.
D) level of consumption divided by the change in disposable income that brought it about.
E) change in consumption expenditure divided by the change in disposable income that brought it about.
E
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Job openings are plentiful when the
A) actual real GDP is above the natural real GDP. B) natural real GDP is above the actual real GDP. C) natural real GDP is increasing rapidly. D) None of the above.
According to the text, critics point out that the costs incurred by firms due to regulations
A) increase production costs. B) lower production costs to the shutdown point. C) reduce taxes too far. D) none of the above.