What does MPC stand for?
A)Multiplier of personal consumption
B)Mean of personal contributions
C)Monies due to private contractors
D)Marginal propensity to consume

Question

Quizplus · Accepted Answer

MPC stands for "marginal propensity to consume."
Key Takeaway: Basically, MPC looks at the proportion of each dollar earned that will go toward individual consumption spending. MPS is, therefore, the marginal propensity to save. Remember that MPC + MPS for any individual consumer always equals one.

What Does MPC Stand For