click below
click below
Normal Size Small Size show me how
AP Macro Equations
Unit Three
Term | Definition |
---|---|
Expenditure Multiplier | 1/(1-MPC) = _______ |
Expenditure Multiplier | 1/MPS = ___________ |
1 | MPC + MPS = __________ |
Marginal Propensity to Consume (MPC) | additional consumption / additional disposable income = __________ |
Parginal Propensity to Save (MPS) | additional savings / additional disposable income = _____________ |
Average Propensity to Consume (APC) | consumption / disposable income |
Average Propensity to Save (APS) | savings / disposable income |