By average propensity to consume we mean (a) change in consumption due to change in income. (b)

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By average propensity to consume we mean

(a) change in consumption due to change in income.

(b) ratio of saving to income.

(c) ratio of consumption to income.

(d) ratio of income to consumption.

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Macroeconomics

ISBN: 9780124080669

2nd Edition

Authors: Debes Mukherjee

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