Which of the Following Is Not True About the Marginal

question 25

Multiple Choice

Which of the following is not true about the marginal propensity to consume?

• A)It is equal to the change in consumption divided by the change in disposable income.
• B)It is equal to the slope of the consumption function.
• C)It is equal to 1 - MPS.
• D)It is always equal to or greater than 1.

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Definitions:

Existential Generalization

A form of inference where from a specific case one concludes the existence of an instance satisfying a particular condition.

Existential Instantiation

A logical principle stating that if something is said to exist, then a specific instance of that thing must also exist.

Universal Generalization

A logical operation that infers a general statement from specific cases, asserting that a property or relation holds for all members of a certain category.

Universal Instantiation

A logical rule that infers from the truth of a universally quantified statement about all members of a domain, the truth of that statement about any specific member.