What is MPC and What is the meaning of “M” in MPC?
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MPC stands for Marginal propensity to consume
which represents the proportion of a pay raise that is spent on the consumption of goods and services, as opposed to being saved.
M Stands for Marginal.
which represents the proportion of a pay raise that is spent on the consumption of goods and services, as opposed to being saved.
M Stands for Marginal.
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