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1. According to the Keynesian Consumption Function: (1 point) a. As aggregate consumption increases, aggregate income decreases but not by as much as the increase
1. According to the Keynesian Consumption Function: (1 point) a. As aggregate consumption increases, aggregate income decreases but not by as much as the increase in aggregate consumption b. As aggregate income increases, aggregate consumption increases but not by as much as the increase in aggregate income c. As aggregate income increases, aggregate consumption decreases by exactly the same amount d. As aggregate income increase, aggregate consumption increases by exactly the same amount 2. The relationship between the marginal propensity to consume (mpc) and the marginal (1 point) propensity to save (mps) is: a. mpc + mps >1 d. moc + mps
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