Accepting the absolute income hypothesis, would you expect the MPC in the U.S. economy in 2011 to

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Accepting the absolute income hypothesis, would you expect the MPC in the U.S. economy in 2011 to be higher, lower, or about the same as the MPC in the Haitian 2011 economy? Why? How would it compare to the MPC in the U.S. economy in 1950?

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Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

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Question Posted: Apr 21, 2015 09:42 AM

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Accepting the absolute income hypothesis, would you expect the MPC in the U.S. economy in 2011 to

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