-Refer to the Table in the Exhibit

question 97

Multiple Choice

-Refer to the table in the exhibit.What does the marginal propensity to save (MPS) equal?  

• A) 0.80, or 4/5
• B) 0.60, or 3/5
• C) 0.40, or 2/5
• D) 0.20, or 1/5

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Definitions:

Moral Liberty

Describes the freedom to act in accordance with one's ethical beliefs and principles without external constraint.

Male Authority

The dominance or control traditionally held by men in various social, political, and familial contexts.

Puritans

A group of English Reformed Protestants in the 16th and 17th centuries who sought to "purify" the Church of England from its "Catholic" practices.

Household

A social unit consisting of those living together in the same dwelling, typically a family or group of roommates.