As your income increases over time, your marginal propensity to consume (MPC) can remain constant, or it can change. Would you expect your MPC to increase, decrease, or remain the same if your income increases during your career?
As your income increases over time, your marginal propensity to consume (MPC) can remain constant, or it can change. Would you expect your MPC to increase, decrease, or remain the same if your income increases during your career?
Chapter10: Kenesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy
Section: Chapter Questions
Problem 8QP
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As your income increases over time, your marginal propensity to consume (MPC) can remain constant, or it can change. Would you expect your MPC to increase, decrease, or remain the same if your income increases during your career?
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