The Keynesian Consumption Function Exhibits All of the Following Properties

question 1

Multiple Choice

The Keynesian consumption function exhibits all of the following properties except that:

• A)the marginal propensity to consume is between zero and one.
• B)the average propensity to consume decreases as income increases.
• C)only unexpected policy changes influence consumption.
• D)current income is the primary determinant of consumption.

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