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Topic: Marginal propensity to consume


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 Consumption function - Wikipedia, the free encyclopedia   (Site not responding. Last check: 2007-10-21)
John Maynard Keynes developed a mathematical function to express consumer spending as one term called the "consumption function".
The marginal propensity to consume (MPC), on the other hand measures the rate at which consumption is changing when income is changing.
In a geometric fashion, the MPC is actually the slope of the consumption function.
www.sciencedaily.com /encyclopedia/consumption_function   (221 words)

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