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Author Question: The marginal propensity to consume represents A) the level of consumption that occurs if ... (Read 17 times)

big1devin

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on: Jun 30, 2018
The marginal propensity to consume represents
 
  A) the level of consumption that occurs if disposable income is zero.
  B) the ratio of total consumption to disposable income.
  C) total income minus total taxes.
  D) the change in output caused by a one-unit change in autonomous demand.
  E) the change in consumption caused by a one-unit change in disposable income.

Question 2

Disposable income equals
 
  A) income minus saving.
  B) income minus both saving and taxes.
  C) consumption minus taxes.
  D) the sum of consumption and saving.
  E) none of the above


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nathang24

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

D


big1devin

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Reply #2 on: Jun 30, 2018
Thank you


nathang24

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Reply #3 on: Jun 30, 2018
No problemo


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