Marginal Propensity to Consume

question 121

Multiple Choice

Marginal propensity to consume:

• A) is the change in production resulting from a given change in disposable income.
• B) shows the amount households want to spend on goods and services at different levels of disposable income.
• C) is the change in consumption resulting from a given change in disposable income.
• D) is the change in saving resulting from a given change in disposable income.

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Definitions:

Implied Warranty

A legal assumption that a product will meet certain standards of quality and reliability without being explicitly stated.

Confusing

Something that is difficult to understand or makes one perplexed.

Implied Warranty

A legal doctrine that guarantees that a product or service will meet certain minimum standards of quality and functionality, even if not expressly stated.

Assurances

Statements or actions intended to provide confidence or certainty about a condition or result.