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A Given Change in Disposable Income Would Have the Greatest

question 1

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A given change in disposable income would have the greatest effect on aggregate demand with which of the following marginal propensities to consume?


Definitions:

Initial Margin

The minimum amount of equity that must be provided by an investor as part of the terms of a futures contract or other marginable securities.

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future.

Total Value

The comprehensive worth of an asset or company, considering all sources of value including tangible and intangible factors.

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined future date and price, commonly used for commodities or financial instruments.

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