If the marginal propensity to consume declines, then
A) for any given change in income, there will be a smaller change in saving.
B) nothing will happen to the consumption function.
C) for any given change in income, there will be a larger change in consumption.
D) for any given change in consumption, there will be a smaller change in income.
E) for any given change in income, there will be a smaller change in consumption.
Correct Answer:
Verified
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