With a Marginal Propensity to Save of 0

question 151

Multiple Choice

With a marginal propensity to save of 0.4, the marginal propensity to consume will be

• A) 1.0 minus 0.4.
• B) 0.4 minus 1.0.
• C) the reciprocal of the MPS.
• D) 0.4.

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Definitions:

Educational Level

A measure of the highest level of schooling or training achieved by an individual, often critical for determining employment opportunities and income.

Learning Cost

The expenses related to acquiring new skills or knowledge, including both direct costs and opportunity costs.

Educational Level

The highest stage of formal learning or schooling that an individual has completed.

Educational Level

Refers to the highest degree or level of school completed by an individual.