The Marginal Propensity to Consume Is

question 181

Multiple Choice

The marginal propensity to consume is

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

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Definitions:

Quasi-contract

A legal concept where a court imposes an obligation on a party to prevent unjust enrichment, even though no actual contract exists.

Void Contract

A contract that has no legal effect and is unenforceable from its inception due to certain legal deficiencies or violations.

Unenforceable Contract

An agreement that is not legally binding, either due to its failure to meet certain legal requirements or because it involves illegal activities.

Contractual Duties

Obligations that a party is bound to perform under the terms of a contract.