The marginal propensity to consume is:
a. the relationship between a change in consumption and a change in income.
b. the relationship between a change in consumption and a change in saving.
c. the relationship between changes in consumption and changes in net wealth.
d. the ratio of income to consumption at any given level of income
e. the ratio of total consumption to total saving.
a
Economics
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Which of the following macroeconomic variables could not be used as a leading economic indicator?
A) Residential investment B) Employment C) The money supply D) Stock prices
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According to Edward Denison, the United States has experienced
a. diseconomies of scale. b. economies of scale. c. constant returns to scale. d. None of the above
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