Suppose an Individual's Marginal Propensity to Save Is Equal to 0.7

question 83

Multiple Choice

Suppose an individual's marginal propensity to save is equal to 0.7, what is his marginal propensity to consume?

• A) 1
• B) -0.7
• C) 0.3
• D) 0

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Definitions:

Organisational Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution or organization.

Governmental Laws

Statutes and regulations enacted by legislative bodies that govern the actions and behavior of citizens and organizations.

Local Economic Conditions

The state of the economy in a specific geographic area, including factors like employment rates, industrial output, and consumer spending.

Change Leadership

The ability to influence and inspire action in others towards achieving organizational transformations and adapting to new challenges.