The larger the marginal propensity to consume, the steeper the consumption function.
A. I is true.
B. II is true.
C. I and II are true.
D. Neither I nor II is true.
Answer:B
The larger the marginal propensity to consume, the steeper the consumption function.
A. I is true. B. II is true. C. I and II are true. D. Neither I nor II is true.