Question: 4. John Maynard Keyness proposition that a dollar increase in disposable income will increase consumption, but by less than the increase in disposable income, implies

4. John Maynard Keynes’s proposition that a dollar increase in disposable income will increase consumption, but by less than the increase in disposable income, implies a marginal propensity to consume that is

a. greater than or equal to one.

b. equal to one.

c. less than one, but greater than zero.

d. negative.

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