When Javier's Income Increases by $5,000,he Spends an Additional $3,750

question 54

True/False

When Javier's income increases by $5,000,he spends an additional $3,750 dollars.This implies that his marginal propensity to consume is 0.75.

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Definitions:

Peptidyl Transferase

The ribosomal enzyme (a ribozyme) that catalyzes the formation of a peptide bond.

Ribozyme

A molecule of RNA that has catalytic properties.

Peptide Bonds

Chemical bonds formed between amino acids during the synthesis of proteins.

DNA Polymerase

An enzyme responsible for synthesizing DNA molecules from deoxyribonucleotides, the building blocks of DNA.