The MPC for an economy is:
A)the slope of the consumption schedule or line.
B)the slope of the savings schedule or line.
C)1 divided by the slope of the consumption schedule or line.
D)1 divided by the slope of the savings schedule or line.
Answer:A
The MPC for an economy is:
A)the slope of the consumption schedule or line. B)the slope of the savings schedule or line. C)1 divided by the slope of the consumption schedule or line. D)1 divided by the slope of the savings schedule or line.