Question

the marginal propensity to consume (mpc) is the slope of the: a. consumption function. b. autonomous consumption curve. c. disposable income curve. d. gdp curve.

Answer 1

consumption function

Step-by-step explanation:

The consumption function is a function showing the relationship between private consumption spending and disposable income. The consumption function is upward sloping meaning that the consumption spending increases with an increase in the level of disposable income.