If the Marginal Propensity to Save (MPS) = 0

question 207

Multiple Choice

If the marginal propensity to save (MPS) = 0.3, then

• A) the MPC = 0.7.
• B) the APS = 0.3.
• C) the APC = 0.7.
• D) consumption equals $700 when income equals $1,000.

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