Question: The average propensity to save . ( LO2 ) a) is disposable income divided by savings b) is a measure of the additional saving generated

The average propensity to save . ( LO2 )

a) is disposable income divided by savings

b) is a measure of the additional saving generated by additional income

c) is negative at very high income levels

d) varies directly with income; as income rises, the APS rises

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