Which of the following features of a Keynesian consumption function is not true? a. In the short run, current disposable income has the most impact on consumption. b. As income rises, so does the...


Which of the following features of a Keynesian consumption function is not true?




a. In the short run, current disposable income has the most impact on consumption.



b. As income rises, so does the average tendency to consume.

c. the average tendency to consume decreases as income increases decrease



d .The marginal consumption propensity is smaller than one.










Jun 10, 2022
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