Multiple Choice
An MPC value of less than 1.0 indicates that as income increases:
A) Consumption also increases, and by more than the increase in income
B) Consumption also increases, and at the same rate as the increase in income
C) Consumption will go in the opposite direction and decrease
D) Consumption also increases, though not as much as income
Correct Answer:
Verified
Correct Answer:
Verified
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