“People who earn more income tend to have higher levels of consumption spending, so the value o… 1 answer below »

“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?

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