Asked by
Victor Alvarez
on Nov 30, 2024Verified
The MPC is
A) .25.
B) .5.
C) .75.
D) .9.
MPC
Marginal Propensity to Consume, a metric that represents the proportion of an additional unit of income that is spent on consumption.
- Contrast the principles of marginal propensity to consume (MPC) with marginal propensity to save (MPS).
Verified Answer
JH
Learning Objectives
- Contrast the principles of marginal propensity to consume (MPC) with marginal propensity to save (MPS).