The marginal propensity to consume is defined as the:
a. fraction of total income not spent on consumption.
b. proportion of any change in income that is spent on consumption.
c. fraction of total income spent on consumption.
d. fraction of a change in income that is saved.
Question 2
It is important to distinguish between the privately held portion of the national debt and the portion held by government agencies and the Federal Reserve System because:
a. the government will not have to repay the privately held debt.
b. only the privately held debt creates a net interest liability for the federal government.
c. the privately held debt does not create a net interest liability for the federal government.
d. taxes will have to be raised in order to pay the interest on the debt held by the Federal Reserve system.
Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ...
Find the lateral area, total surface area, and volume of the frustum
You Need to Consume Carbohydrates Daily
The Brain and Alcohol As you consume more alcohol, additional areas of your brain are affected
E9-23 Prepare income statements Explain the difference in operating income
Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total