Question
If a household's marginal propensity to save (MPS) is 0.25, then an increase in the household disposable income of 1,000 would lead to: a. an
If a household's marginal propensity to save (MPS) is 0.25, then an increase in the household disposable income of 1,000 would lead to:
a. an increase in household saving of 100
b. an increase in household saving of 200
c. an increase in household saving of 250
d. an increase in household consumption of 250
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Microeconomics
Authors: Roger A. Arnold
12th Edition
1285738306, 978-1285738307
