The marginal propensity to consume is the ________.
A. fraction of total disposable income consumed
B. fraction of GDP consumed
C. fraction of a change in disposable income that is consumed.
D. total amount of disposable income consumed
Answer:C
The marginal propensity to consume is the ________.
A. fraction of total disposable income consumed B. fraction of GDP consumed C. fraction of a change in disposable income that is consumed. D. total amount of disposable income consumed