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What is the relationship between marginal propensity to consume (MPC) and income in Keynes's theory?a)MPC is greater than one for all income levels.b)MPC is constant and equal to one.c)MPC is less than one and decreases with income.d)MPC is always equal to zero.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the relationship between marginal propensity to consume (MPC) and income in Keynes's theory?a)MPC is greater than one for all income levels.b)MPC is constant and equal to one.c)MPC is less than one and decreases with income.d)MPC is always equal to zero.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the relationship between marginal propensity to consume (MPC) and income in Keynes's theory?a)MPC is greater than one for all income levels.b)MPC is constant and equal to one.c)MPC is less than one and decreases with income.d)MPC is always equal to zero.Correct answer is option 'C'. Can you explain this answer?.

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