The Marginal Propensity to Consume Is Given by

question 199

Multiple Choice

The marginal propensity to consume is given by

• A) the change in consumption divided by the change in saving.
• B) the change in consumption divided by the change in disposable personal income.
• C) consumption divided by the change in disposable personal income.
• D) consumption divided by disposable income.

---

Definitions:

Labor Law

The collection of laws, regulations, and prior judicial decisions that delineate the legal entitlements and limitations for employees and their unions.

Industrial Democracy

A system of governance in an organization where all stakeholders, including employees, have a say in decision-making processes.

Democratic Principles

The fundamental guidelines that promote equality, freedom, and justice within societies, often associated with the practice of voting and majority rule.

Labor Union

An organization formed by workers to protect and advance their rights and interests through collective bargaining.