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1. What is the MPC and APC all about? Can you compare and contrast these concepts? Is it better to have a high propensity to
1. What is the MPC and APC all about? Can you compare and contrast these concepts? Is it better to have a high propensity to consume or lower? What do you want for yourself? Speculate over which people in our country fit the high versus low category? 2. What are the key features of the consumption function? What causes consumption to rise and fall? Is wealth and credit more important than income? Does the level of consumption deserve concern today? (Type out short answer no long answer) Thank u
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