Question (1 Viewer)

[Jago]

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

Average Propensity ______ and marginal propensity ________

 

[biscuit]

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]

how about definitions of the four?

 

[roadcone]

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

 

[enigma~]

how about definitions of the four?

I'd learn them to be safe, but I doubt they would ask APS and APC, more likely the other two...