Determination of Consumption Multiplier Marginal Propensity to Consume is the rate of change in consumption for the change in income. In macroeconomics consumption multiplier (CM) is a very old concept but now this is neglected due to more precise National Income Multiplier (NIM). Consumption multiplier helps us to understand other multipliers. It is very simple but it … [Read more...] about Determination of Consumption Multiplier