The marginal propensity to consume:
A. is the amount by which consumption increases when after-tax income increases by $1.
B. is closely linked to the multiplier effect of government spending.
C. is a value between 0 and 1.
D. All of these are true.
D. All of these are true.
Economics
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The efficient quantity of a pure public good occurs when the marginal cost of producing that good equals the
A) marginal benefit to the median voter. B) marginal benefit to each individual. C) sum of all individual marginal benefits. D) sum of all individual marginal benefits divided by the number of voters.
Economics
Give an example of an industry that would seek intellectual property rights protection because its product incorporates innovation and research
What will be an ideal response?
Economics