Marginal Propensity to Consume Is Equal to the Change in ____

question 63

Multiple Choice

Marginal propensity to consume is equal to the change in ____ divided by the change in ____.

• A)​consumption spending; total income
• B)​saving; total income
• C)​saving; disposable income
• D)​consumption spending; disposable income

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Definitions:

Certainty

The state of being sure or confident about something, often without any doubt.

Identity Theory

A theory in philosophy and psychology suggesting that mental states are identical to brain states, focusing on the relationship between the mind and the physical body.

Mental States

Conditions of mind or consciousness, including emotions, thoughts, beliefs, and desires.

Sartre

Jean-Paul Sartre, a French existentialist philosopher, playwright, novelist, and political activist known for his exploration of freedom and existential angst.