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prpnum1 prpnum1
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2 months ago
The Marginal Propensity to Consume and the Marginal Propensity to Save

If the marginal propensity to save (MPS) is 0.05, then a $60 million decrease in disposable income will decrease saving by ________ million. (Round to the nearest hundredth when appropriate.)

▸ $60

▸ $63.16

▸ $57

▸ $3
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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gsh2571gsh2571
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2 months ago
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$3

The formula to solve this problem is: MPS x change in disposable income.
1

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prpnum1 Author
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2 months ago
This helped my grade so much Perfect
Cdfields
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Yesterday
Thanks
bahajo
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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