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:

Self-Defense

The legally recognized privilege to protect oneself or one’s property against injury by another. The privilege of self-defense protects only acts that are reasonably necessary to protect oneself or one’s property.

Reasonably Necessary

A legal standard indicating actions or measures needed to achieve a particular purpose without being excessive or impractical.

Injury

Physical harm or damage to an individual's body, or psychological harm to an individual's mental state.

Mens Rea

A legal principle that refers to the mental state a person must be in while committing a crime for it to be intentional.