Consumption Function | Class 12th Macroeconomics
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YouTubeEconoVerse
Consumption Function | Class 12th Macroeconomics
This video breaks down the consumption function, a core concept in the Aggregate Demand (AD) and Aggregate Supply (AS) framework. We'll cover the fundamental relationship between income and consumption, and dive into the key metrics used to measure consumer behavior: the Average Propensity to Consume (APC) and the Marginal Propensity to Consume ...
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