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:

Legal Fees

Expenses charged by lawyers or law firms for legal services provided.

Issuing Securities

This refers to the process by which corporations, governments, or other entities offer new stocks, bonds, or other financial instruments to the public to raise capital.

Regular Underwriting

The purchase of securities from the issuing company by an investment banker for resale to the public.

Preliminary Prospectus

An initial document provided by a securities issuer that details an investment offering for sale to the public.