If a household’s income rises from $46,000 to $46,700 and its consumption spending rises from $35,800 to $36,400, then its A) marginal propensity to consume is 0.86 B) marginal propensity to consume is 0.99 C) marginal propensity to consume is 0.98 D) marginal propensity to save is 0.01 E) marginal propensity to save is 0.86
If a household’s income rises from $46,000 to $46,700 and its consumption spending rises from $35,800 to $36,400, then its A) marginal propensity to…
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