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NYC NYC
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8 years ago
Suppose consumption is $5,000 when income is $3,000 and the MPS equals 0.4. When income increases to $6,000, consumption is:
A) $6,800.
B) $4,700.
C) $6,200.
D) $8,000.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
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wrote...
8 years ago
A
NYC Author
wrote...
8 years ago
Perfect answer, thank you
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