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usmc2rn usmc2rn
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2 months ago
The Marginal Propensity to Consume and the Marginal Propensity to Save

If disposable income increases by $120 million and consumption increases by $75 million, then the marginal propensity to consume (MPC) is ________. (Round to the nearest hundredth.)

▸ 0.02

▸ 0.38

▸ 1.60

▸ 0.63
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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jojoliciouzjojoliciouz
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2 months ago
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More solutions for this book are available here
0.63

The formula for the MPC is: change in consumption divided by change in disposable income.
1

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usmc2rn Author
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2 months ago
Helped a lot
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This helped my grade so much Perfect
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Smart ... Thanks!
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