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#average_propensity_to_consume

Average propensity to consume

Average propensity to consume (APC) is a concept developed by John Maynard Keynes to analyze the consumption function, which is a formula where total consumption expenditures (C) of a household consist of autonomous consumption (Ca) and income (Y) multiplied by marginal propensity to consume. According to Keynes, the individual's real income determines saving and consumption decisions.

Fri 23rd

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Average propensity to consume Marginal propensity to consume Average propensity to save Marginal propensity to save APC Error correction model Aggregate demand Permanent income hypothesis Fiscal multiplier The General Theory of Employment, Interest and Money
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