An increase in marginal propensity to save will lead to
ECONOMICS
WAEC 1998
An increase in marginal propensity to save will lead to
- A. an increase in marginal propensity to consume
- B. a decrease in the level of consumption
- C. an immediate decrease in the net national income
- D. an increase in the level of consumption
Correct Answer: B. a decrease in the level of consumption
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