The Marginal Propensity to Save Is

question 242

Multiple Choice

The marginal propensity to save is

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

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Definitions:

Corrupt Monastic System

Practices within religious monastic communities that deviate from ethical or spiritual standards, typically involving misuse of power or funds.

Avignon Papacy

The period from 1309 to 1377 during which seven successive popes resided in Avignon, France instead of Rome, leading to a significant state of schism within the Church.

1309-1378

Dates defining the Avignon Papacy, a period when the popes resided in Avignon, France rather than in Rome, a situation that led to significant church conflict.

Papal Bull Unam Sanctam

A significant papal decree issued by Pope Boniface VIII in 1302, asserting the supreme spiritual authority of the Pope over kings and secular rulers.