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Question (1 Viewer)

Jago

Jago

el oh el donkaments
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In how much detail would we be expected to know about APC/APS and MPC/MPS?

Average Propensity ______ and marginal propensity ________
 
B

biscuit

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Don't think a lot

The only thing i can think of is:
- Simple multiplier and MPC/MPS
- Distribution of wealth for the differing propensities to consume
 
Jago

Jago

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how about definitions of the four?
 
roadcone

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something to know to possibly slip into an essay. nothing more i would imagine.
 
enigma~

enigma~

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Jago said:
how about definitions of the four?
Click to expand...
I'd learn them to be safe, but I doubt they would ask APS and APC, more likely the other two...
 
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