Statistical Investigations of the Marginal Propensity to Consume Have Generated

Multiple Choice

Statistical investigations of the marginal propensity to consume have generated estimates that

A) match the predictions of the theory pretty well in both the long run and the short run.
B) match the predictions of the theory in the short run but fall below numbers that would be consistent with the theory in the long run.
C) fall short of numbers that would be consistent with the theory in both the long run and the short run.
D) lie above numbers that would be consistent with the theory in the long run and below numbers that would be consistent with the theory in the short run.
E) none of the above.