Russellformvp790 Russellformvp790

26-06-2024
Mathematics

Answered

In the equation C = a + mY, which describes the aggregate consumption function, 'm' stands for

a. The amount of income when consumption is zero.
b. The average propensity to consume
c. The marginal propensity to consume.
d. The amount of consumption when income is zero.

Answer :

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