The marginal propensity to consume is the portion of income that a household saves after taxes.
Answer the following statement true (T) or false (F)
False
The marginal propensity to consume is the portion of additional income that a household spends after taxes.
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Which would be easier to reverse? For Denmark, which now pegs its national currency to the euro, to choose monetary autonomy and abandon its peg, or for Italy to switch back from the euro to the lira?
A) Italy, because all it has to do is cash euros for lire B) Italy, because it can change over to an electronic payments system C) Denmark, because it would only have to return all the euros in its treasury D) Denmark, because it would not have to change its currency, accounting structure, nor reprint domestic currency
Demand is said to be price inelastic when the coefficient of price elasticity of demand is
a. greater than +1 b. between 0 and +1 c. zero d. infinity