Multiple Choice
Which of the following is not true about the marginal propensity to consume?
A) It is equal to the change in consumption divided by the change in disposable income.
B) It is equal to the slope of the consumption function.
C) It is equal to 1 - MPS.
D) It is always equal to or greater than 1.
Correct Answer:
Verified
Correct Answer:
Verified
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