More generally, the slope equals the change in consumption divided by the change in disposable personal income. The ratio of the change in consumption (ΔC) to the change in disposable personal income (ΔY d) is the marginal propensity to consume (MPC).
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Answer:
More generally, the slope equals the change in consumption divided by the change in disposable personal income. The ratio of the change in consumption (ΔC) to the change in disposable personal income (ΔY d) is the marginal propensity to consume (MPC).
Explanation:
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