Asked by
Madeline Harrington
on Nov 30, 2024
Verified
The MPS is
A) .25.
B) .5.
C) .75.
D) .1.
MPS
The marginal propensity to save, which is the fraction of an additional unit of income that is saved rather than spent.
- Distinguish between the concepts of marginal propensity to consume (MPC) and marginal propensity to save (MPS).
Verified Answer
ZP
Learning Objectives
- Distinguish between the concepts of marginal propensity to consume (MPC) and marginal propensity to save (MPS).