The fraction of a change in disposable income spent on consumption is the

Name: The fraction of a change in disposable income spent on consumption is the
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The fraction of a change in disposable income that is spent on consumption is known as the marginal propensity to consume (MPC). This term specifically refers to the amount by which consumption increases when disposable income increases by one unit. It is important in determining the shape and slope of the consumption function in macroeconomics.

The Fraction of a Change in Disposable Income Spent on Consumption