The marginal propensity to consume (MPC) is computed as the change in:
a. consumption divided by the change in savings.
b. consumption divided by the change in income.
c. consumption divided by the change in GDP.
d. None of these.
b
Economics
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Voting in accordance with one's true preference is called
A) ballot manipulation. B) strategic voting. C) naive voting. D) the voting paradox.
Economics
The quantity of money demanded is the
A) average daily volume of bank account withdrawals. B) amount that people and businesses choose to hold. C) fraction of cash holdings in an average investment portfolio. D) income and volume of profits that people and businesses would like to receive. E) sum of checkable and savings deposits at banks.
Economics