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The marginal propensity to consume is: a.the ratio of income to consumption at any given level of income. b.the relationship between a change in consumption
The marginal propensity to consume is:
a.the ratio of income to consumption at any given level of income.
b.the relationship between a change in consumption and a change in income.
c.the ratio of total consumption to total saving.
d.the relationship between a change in consumption and a change in saving
e.the relationship between changes in consumption and changes in net wealth.
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