Answer to Question #13121 in Macroeconomics for don image

Question #13121
the slope of the consumption function is measured by the marginal propensity to save. true or false
1
Expert's answer
2012-08-16T10:33:55-0400
The slope of the consumption function tells us how much consumption increases when disposable income increases by one rupee. That is, the slope of the consumption function is the MPC.

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