What is the marginal propensity to consume (MPC)? O a. The fraction of additional income that...

Transcribed Image Text:

What is the marginal propensity to consume (MPC)? O a. The fraction of additional income that is spent on government spending. O b. The fraction of additional income that is saved. Oc. The fraction of additional income that is spent on investment. Od. The fraction of additional income that is spent on consumption. What is the marginal propensity to consume (MPC)? O a. The fraction of additional income that is spent on government spending. O b. The fraction of additional income that is saved. Oc. The fraction of additional income that is spent on investment. Od. The fraction of additional income that is spent on consumption.

Answer rating: 100% (QA)

The marginal propensity to consume MPC is defined as th... View the full answer