If the mpc increases in value, the consumption function will become steeper.
What is MPC ?
MPC is an advanced method of process control that is used to control a process while satisfying a set of constraints. In economics, the marginal propensity to consume is a metric that quantifies induced consumption, the concept that the increase in personal consumer spending occurs with an increase in disposable income. The proportion of disposable income which individuals spend on consumption is known as propensity to consume. MPC is the proportion of additional income that an individual consumes.
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