The APC can be defined as the fraction of a:
A)change in income that is not spent.
B)change in income that is spent.
C)specific level of total income that is not consumed.
D)specific level of total income that is consumed.
Answer:D
The APC can be defined as the fraction of a:
A)change in income that is not spent. B)change in income that is spent. C)specific level of total income that is not consumed. D)specific level of total income that is consumed.