Economics · Economy

What is the standard value range of the Marginal Propensity to Consume (MPC) in an economy under normal conditions?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1MPC > 1
20 < MPC < 1✓
3MPC = 1
4MPC = 0

Correct answer

0 < MPC < 1

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