The smaller the marginal propensity to save, other things constant, _____
a. the smaller the marginal propensity to consume
b. the smaller the multiplier
c. the flatter the consumption function
d. the steeper the consumption function
e. the steeper the saving function
d
Economics
You might also like to view...
The neoclassical model predicts that nations that are initially poor should have
A) slower growth rates than nations that are rich. B) faster growth rates than nations that are rich. C) growth rates equal to those of nations that are rich. D) negative growth rates.
Economics
A price ceiling that is set above the equilibrium price:
A. will have no effect on the market. B. will lead to excess supply in the market. C. will lead to excess demand in the market. D. will lead to a black market.
Economics