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

John Maynard Keynes’s central proposition that a dollar increase in disposable income would increase consumption, but by less than the increase in disposable income, implies a marginal propensity to consume (MPC) 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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