Define and explain how we calculate the marginal propensity to consume and the marginal propensity to save.

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Macroeconomics Canada in the Global Environment

ISBN: 978-0321778109

8th edition

Authors: Michael Parkin, Robin Bade

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Question Posted: Dec 19, 2015 05:04 AM

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Define and explain how we calculate the marginal propensity to consume and the marginal propensity to save.

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The marginal propensity to consume is the proportion of an increase in disposable ...View the full answer

Macroeconomics Canada in the Global Environment

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