1. The marginal propensity to consume is defined as:
Î"Yd/Î"S + Î"Yd/Î"S = 1
2. Over time Americans have chosen to cook less at home and dine out more. This change in behavior:
does not affect GDP.
none of the above
all of the above
3. The falling phase of a business cycle measured by a decrease in real GDP is called:
I and other OTAs cannot provide an "assignment completion service", but I'll be happy to assist so that can complete the assignment .....thus, the following is a "start"....you should reword it into your own style of writing otherwise your prof will recognize that someone else wrote the answer other than ...
The marginal propensity to consume is clarified in this solution.
Marginal Propensity Consumption
What does it mean to say that the marginal propensity to consume increases with income? Is this typically the case? Explain.View Full Posting Details