QUESTION 21 What is the marginal propensity to consume? O a. The ratio of the change in consumption to the change in national income O b. The proportion of national income that goes on consumption O c. The additional spending by a consumer when the price of a good falls Od. The additional revenue received by a firm when it attracts a new customer
QUESTION 21 What is the marginal propensity to consume? O a. The ratio of the change in consumption to the change in national income O b. The proportion of national income that goes on consumption O c. The additional spending by a consumer when the price of a good falls Od. The additional revenue received by a firm when it attracts a new customer
Chapter9: Aggregate Expenditures
Section: Chapter Questions
Problem 10E
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