The average propensity to save is equal to the percentage of total income that is saved.
Correct Answer:
Verified
Q201: The economic performance in the Great Recession
Q202: The Great Recession of 2007-2009 caused a
Q203: The multiplier effect magnifies the effect of
Q204: The multiplier value is the reciprocal of
Q205: If people saved more of any extra
Q207: If the real rate of interest increases,
Q208: The marginal propensity to consume is the
Q209: If disposable income is $350 billion and
Q210: Investment is not affected by current profits;
Q211: An increase in taxes will shift both
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