2012
Economics
POST UTME
The parameter ‘b’ in a consumption function of the form; C = a + bY; where Y is the National income is
A.
Marginal benefit of consumption
B.
Marginal propensity to purchase
C.
Marginal propensity to consume
D.
Marginal propensity to save
Correct Answer: Marginal propensity to consume
Explanation
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