The sum of the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) always equals:
A) 1.
B) 0.
C) the interest rate.
D) the marginal propensity to invest (MPI) .
Correct Answer:
Verified
Q40: Exhibit 8-1 Disposable income and consumption data
Q41: Exhibit 8-2 Consumption function Q42: Exhibit 8-8 Consumption function Q43: Exhibit 8-2 Consumption function Q44: If the marginal propensity to consume = Q46: Exhibit 8-1 Disposable income and consumption data Q47: Exhibit 8-2 Consumption function Q48: Exhibit 8-6 Consumption function Q49: Exhibit 8-2 Consumption function Q50: Exhibit 8-7 Consumption function Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents