The marginal propensity to consume (MPC) is _____
A) the relationship between a change in consumption and a change in income.
B) the relationship between a change in consumption and a change in saving.
C) the relationship between changes in consumption and changes in net wealth.
D) the ratio of income to consumption at any given level of income.
E) the ratio of total consumption to total saving.
Correct Answer:
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C)
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