The proportional relationship between income and consumption is described by (a) MPC = APC for all levels

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The proportional relationship between income and consumption is described by

(a) MPC = APC for all levels of income.

(b) APC is the same for all levels of income.

(c) consumption function is a straight line through the origin.

(d) all of the above.

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Macroeconomics

ISBN: 9780124080669

2nd Edition

Authors: Debes Mukherjee

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Question Posted: Nov 15, 2024 06:00 AM

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The proportional relationship between income and consumption is described by (a) MPC = APC for all levels

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Macroeconomics

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