Economics (M.Phil./Ph.D.) 2015 Panjab University Entrance Exam With Answers

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43.

By definition, the marginal propensity to consume :

A: Equals  Δ C/ ΔY
B: Is the behavioural coefficient, b in the equation : C=a+bY
C: Is the slope of the Consumption Function
D: All of the above

The answer is: D