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The Graph Above Shows the Relationship Between Consumption and Income

Question 44

Multiple Choice

The graph above shows the relationship between consumption and income. The ratio LM/PL would be a measure of the: A) Marginal propensity to consume B) Marginal propensity to save C) Average propensity to consume D) Average propensity to save The graph above shows the relationship between consumption and income. The ratio LM/PL would be a measure of the:


A) Marginal propensity to consume
B) Marginal propensity to save
C) Average propensity to consume
D) Average propensity to save

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