Hunte, C.K - Volkswirtschaftliche Fakultät, … - 2011
that consumption growth is positively related to income growth, it confirms that the marginal propensity to consume has a …'s utility maximization problem and the profit maximization behavior of a competitive firm. It shows that the marginal propensity … to consume is constant, while the average propensity to consume is decreasing as income increases. Supporting the notion …