Question
If household incomes go up and almost all the increases are spent on consumer goods, a. the marginal propensity to consume is high. b. the
If household incomes go up and almost all the increases are spent on consumer goods,
a.
the marginal propensity to consume is high.
b.
the marginal propensity to consume is low.
c.
planned investment must be decreasing.
d.
the marginal propensity to save is high.
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
