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vellojo vellojo
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7 years ago
If the marginal propensity to consume is 0.8, every $10 increase in disposable income increases
A) consumption expenditure by $8.00.
B) saving by $0.20.
C) consumption expenditure by $0.80.
D) consumption expenditure by $18.00.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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Answer verified by a subject expert
yaderayadera
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Posts: 492
7 years ago
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vellojo Author
wrote...
7 years ago
Thank you for this

Comes at the right time too!

Good luck on your exams
Studying economics @ Edinburgh U
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