What is the relationship between: (i) Average propensity to consume and average propensity to save.
What is the relationship between:
(i) Average propensity to consume and average propensity to save.
(ii) Marginal propensity to consume and investment multiplier.
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(i) The sum of APC and APS is equal to 1.
(ii) The higher the MPC, the greater is the value of multiplier.
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