If the Jones Family's Disposable Income Increases from $1200 to $1700

question 90

Multiple Choice

If the Jones family's disposable income increases from $1200 to $1700 and their desired saving increases from - $100 to +$100, then the family's

• A)average propensity to consume is 0.40.
• B)average propensity to consume is 0.60.
• C)marginal propensity to consume is 0.60.
• D)marginal propensity to save is 1.
• E)marginal propensity to consume is 0.40.

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Definitions:

Specific Objectives

Well-defined, quantifiable goals set by a business or organization aimed at achieving particular outcomes or benchmarks.

Crisis Management

The identification of a threat to an organization and its stakeholders, and the methods used by the organization to deal with it.

Mattel Company

An American multinational toy manufacturing company known for brands like Barbie, Hot Wheels, and Fisher-Price.

Recall

The process of officially withdrawing a product from the market or correcting defects for a product already sold to consumers, typically because of identified safety issues or quality control problems.