If the marginal propensity to consume is 0.60, the marginal ...

[erika]

If the marginal propensity to consume is 0.60, the marginal propensity to save will be:
 a. greater than 0.60.
  b. equal to 0.40.
 c. equal to 0.60.
 d. equal to 0.

Question 2

Automatic stabilizers act to moderate business cycles primarily through the personal income and consumption channels.
 a. True
  b. False
  Indicate whether the statement is true or false

[14vl19]

Answer to Question 1

b

Answer to Question 2

True