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In the Keynesian consumption function, what does the parameter 'a' represent?a)Marginal propensity to consume (MPC)b)Intercept term or autonomous consumptionc)Average propensity to consume (APC)d)Rate of interestCorrect answer is option 'B'. 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 In the Keynesian consumption function, what does the parameter 'a' represent?a)Marginal propensity to consume (MPC)b)Intercept term or autonomous consumptionc)Average propensity to consume (APC)d)Rate of interestCorrect answer is option 'B'. 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 In the Keynesian consumption function, what does the parameter 'a' represent?a)Marginal propensity to consume (MPC)b)Intercept term or autonomous consumptionc)Average propensity to consume (APC)d)Rate of interestCorrect answer is option 'B'. Can you explain this answer?.

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