Unformatted text preview: c. If the ACP and the APS change when the levels of income consumed and the amount that is saved the reason the MPC and the MPS is constant is because both are rations that are assumed not to change since the user would spend, consume and save the same ratio no matter if his level of output and income changes. Consuming spending saving...
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- Spring '11
- Macroeconomics, Hebrew numerals, APS MPC MPS, Income Consumption Saving