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7. If the marginal propensity to consume (MPC) is equal to 0.75, an increase in household income causes desired consumpt
Posted: Thu May 19, 2022 11:05 am
by answerhappygod
- 7 If The Marginal Propensity To Consume Mpc Is Equal To 0 75 An Increase In Household Income Causes Desired Consumpt 1 (11.96 KiB) Viewed 77 times
7. If the marginal propensity to consume (MPC) is equal to 0.75, an increase in household income causes desired consumption expenditure to a. rise by more than the increase in income. b. rise by the full increase in income. crise by less than the full increase in income. d. fall, as an increase in income will increase saving. remain constant, because the MPC is also constant. e.