Multiple Choice
Which of the following conjectures that underlie the Keynesian consumption function is not consistent with aggregate
U) S. data in the period after World War II?
A) The marginal propensity to consume is between zero and one.
B) The average propensity to consume decreases as income increases.
C) There is a high correlation between income and consumption.
D) Current income is a determinant of consumption.
Correct Answer:
Verified
Correct Answer:
Verified
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