Do you think the given is a true statement

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Question: "People who earn more income tend to have higher levels of consumption spending, so the value of their marginal propensity to consume must be greater than that of lower income people." Do you think this is a true statement? Why or why not?

Karlan, Dean; Morduch, Jonathan (2017-02-07). Macroeconomics (Page 295). McGraw-Hill Higher Education. Kindle Edition.

Reference no: EM132152154

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