In the saving function S = -a + (1-b)Y, the term ‘b’ denotes

by
Question:

In the saving function S = -a + (1-b)Y, the term ‘b’ denotes

A.

saving

B.

mpc

C.

mps

D.

aps

Answer» b. mpc

Note: The above multiple-choice question is for all general and Competitive Exams in India.