The marginal propensity to consume is
A. the slope of the savings function.
B. never greater than 1.
C. the percentage or fraction of income that is consumed.
D. the percentage change in disposable income.
Answer:B
The marginal propensity to consume is
A. the slope of the savings function. B. never greater than 1. C. the percentage or fraction of income that is consumed. D. the percentage change in disposable income.