John maynard keynes believed that the average propensity to consume:
a. was constant.
b. increased as income increased.
c. decreased as income increased.
d. was less than the marginal propensity to consume.

Option (c) is correct.

Explanation:

Average propensity to consume refers to the fraction of income that is spent on consumption. It is determined by dividing the consumption level of an individual by income.

Average propensity to consume (APC) =

Hence, as the income of an individual increases, as a result average propensity to consume falls because the denominator part of an equation become more larger than the numerator part.

the federal government of the united states was established by the constitution. us is a presidential republic. the president is head of state, head of government and of a two party legislative and electoral system. the supreme court balances the powers of the federal and the state government. yhe executive branch is headed by the oresident. there are two chambers of congress, the senate and the house of representatives. judicial power is exercised by the judicial branch (or judiciary), comprised of the supreme court and lower federal courts. the judiciary's function is to interpret the   constitution as well as the federal laws and regulations.

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