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vellojo vellojo
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7 years ago
Which of the following concerning the marginal propensity to consume and the consumption function is true?
I.   The larger the marginal propensity to consume, the greater the amount of autonomous consumption.
II.   The larger the marginal propensity to consume, the steeper the consumption function.
A) I is true.
B) II is true.
C) Both I and II are true.
D) Neither I nor II is true.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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yaderayadera
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7 years ago
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vellojo Author
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7 years ago
I went through a flood of websites until I signed up here lol Glad I did
Studying economics @ Edinburgh U
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