Which of the following are not characteristics of Keynesian consumption function? (a) The main influence on consumption in the short run is current disposable income (b) The marginal propensity to consume is less than one © The average propensity to consume decreases as income increases (d) The average propensity to consume increases as income increases

Which of the following are not characteristics of Keynesian consumption function? (a) The main influence on consumption in the short run is current disposable income (b) The marginal propensity to consume is less than one
© The average propensity to consume decreases as income increases (d) The average propensity to consume increases as income increases
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1 Answer

Answer :

d) The average propensity to consume increases as income increases
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