2. In year 1, Adam earns $1,000 and saves $100. In year 2, Adam gets a $500...
Question:
2. In year 1, Adam earns $1,000 and saves $100. In year 2, Adam gets a $500 raise so that he earns a total of $1,500. Out of that
$1,500, he saves $200. What is Adam’s MPC out of his $500 raise? LO10.1
a. 0.50.
b. 0.75.
c. 0.80.
d. 1.00.
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Macroeconomics
ISBN: 9781259915673
21st Edition
Authors: Campbell McConnell, Stanley Brue , Sean Flynn
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