MPC stands for Marginal Propensity to Consume. As defined in the passage, it is the rate of increase in ex-ante consumption due to a unit increase in income, i.e., MPC=ΔC/ΔY.
CUET UG 2023 — Economics Macro
MPC stands for.
Verified 13 Jul 2026.
Marginal Propensity to Converse
Marginal Propensity to Consume
Marginal Propensity to Compensate
Marginal Propensity to correction
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