The Marginal Propensity to Save Equals the

question 264

Multiple Choice

The marginal propensity to save equals the

• A) change in savings resulting from a one dollar change in disposable income.
• B) change in savings from a change in consumption expenditure.
• C) average amount of income saved.
• D) ability to save the same percentage of income each month.

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Definitions:

Novation Clause

A legal provision that allows an original contract to be replaced with a new contract, wherein a new party takes on the obligations of one of the original parties.

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Employees who perform a variety of administrative and clerical tasks to support the operations of an office.

Organizational Meeting

The initial meeting held by the incorporators or directors of a new corporation to complete the formation of the corporation and to establish its internal affairs.

Incorporation Process

The series of steps required to legally create a corporation, including the filing of articles of incorporation with the relevant state authority and compliance with regulatory requirements.