Why has the mpc been relatively constant, Macroeconomics

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Why has the mpc been relatively constant

Problem

(Marginal Propensity to Consume) Find some recent data on U.S. real disposable income and real consumption spending. (One possible source is the Economic Report of the President, but there are many others.) Use the data to compute the marginal propensity to consume for each year, 1991 to 2004. Has the MPC been relatively constant?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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