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Which of the following is true? Marginal propensity to consume shows the change in consumption as a result of a change in disposable income. Independent
Which of the following is true?
- Marginal propensity to consume shows the change in consumption as a result of a change in disposable income.
- Independent consumption increases as a result of an increase in the general price level
- Independent consumption increases as a result of a decrease in the real interest rate.
- Disposable income increases as a result of an increase in lump sum taxes.
- Both a and c.
- Both b, and c.
- All.
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