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jene277 jene277
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2 weeks ago
The Marginal Propensity to Consume and the Marginal Propensity to Save

If disposable income decreases by $90 million and saving decreases by $25 million, then the marginal propensity to consume (MPC) is ________. (Round to the nearest hundredth.)

▸ -0.28

▸ 0.02

▸ 0.72

▸ 0.28
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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diana72gdiana72g
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2 weeks ago
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More solutions for this book are available here
0.72

The formula for the MPC is: [1 - (change in saving / change in disposable income)].
1

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jene277 Author
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2 weeks ago
This helped my grade so much Perfect
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Brilliant
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2 hours ago
Good timing, thanks!
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