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Which one(s) of the following(s) (is/are) always true for the consumption function? 1. As income rises, the Marginal Propensity to Consume (MPC) rises. II. As income rises, the Average Propensity to

Which one(s) of the following(s) (is/are) always true for the consumption function? 1. As income rises, the Marginal Propensity to Consume (MPC) rises. II. As income rises, the Average Propensity to Consume (APC) reduces. III. Income and slope coefficient goes hand in hand. 0 A)1-11 B) OC) II-III D) E)

Apr 15 2021 View more View Less

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