Examlex

Solved

Match the Symbol with the Answer Choice That Names the Same

question 9

Multiple Choice

Match the symbol with the answer choice that names the same set of points based on the given figure.
-Match the symbol with the answer choice that names the same set of points based on the given figure. -   A)     B)    C)    D)  None of these


Definitions:

Level Of Consumption

The total amount of goods and services consumed by households over a certain period.

MPC

Marginal Propensity to Consume, which is the proportion of an increase in income that gets spent on consumption.

MPS

The marginal propensity to save, which is the fraction of an increase in income that is saved rather than spent.

Milton Friedman

An American economist known for his strong belief in free-market capitalism.

Related Questions