The Marginal Propensity to Consume (MPC)is Equal to the Inverse

question 93

True/False

The marginal propensity to consume (MPC)is equal to the inverse of the marginal propensity to save (MPS).

---

Definitions:

Symbolic Notation

A system of symbols used to represent numbers, quantities, elements, operations, or concepts.

Atomic Statements

Simple declarations about properties or relationships between entities that cannot be further broken down into more fundamental statements.

Main Components

The primary or most important parts that make up a machine, system, or whole.

Connectives

Words or phrases that are used to connect words, phrases, clauses, or sentences, such as "and", "but", and "because".