The marginal propensity to consume is defined as
A) the change in consumption divided by the change in disposable income.
B) the change in disposable income divided by the change in consumption.
C) consumption divided by disposable income.
D) disposable income divided by consumption.
A
Economics
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An economy recovering from a recession
A) moves up from its trough to a period of expansion. B) moves up from its peak to a period of expansion. C) moves down from its trough to a period of depression. D) moves down from its peak to a period of expansion.
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What kind of elasticity is relevant when you are trying to figure out how a price cut by the burger shop next door will affect the demand for your pizza? Explain
What will be an ideal response?
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