The ratio of a change in consumption to a change in income is the:
a. consumption function.
b. propensity to consume.
c. average propensity to consume.
d. extra propensity to consume.
e. marginal propensity to consume.
e
Economics
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If AVC=$15 and AFC=$10, then ATC=
a. $10 b. $5 c. $15 d. $25
Economics
Compound interest:
A. describes how quickly an interest-bearing asset increases in value. B. measures the rate of return of a portfolio of stocks and bonds. C. measures the after-tax, inflation-adjusted rate of interest. D. refers to the multiple rates of interest of various types of bonds in a portfolio.
Economics