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Disposable personal income Consumption 0 100 100 120 200 140 300 160 a. What is the marginal propensity to consume? b. What is the marginal propensity to save? c. Write an equation that describes consumption. d. Write an equation that describes saving.
Disposable personal income Consumption 0 100 100 120 200 140 300 160 a. What is the marginal propensity to consume? b. What is the marginal propensity to save? c. Write an equation that describes consumption. d. Write an equation that describes saving.
hoanglethanh554Lv10
19 Nov 2023
Namita kumariLv6
28 Sep 2019
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Related questions
Suppose you have the following information about a fictitious economy with no taxes. What is the Marginal Propensity to Consume in this economy?
| Disposable income $ | Consumption $ |
| 100 | 10 |
| 200 | 20 |
| 300 | 30 |
| 400 | 40 |
