At your future job, you get an unexpected raise from $50,000 a year to $75,000 a year.

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At your future job, you get an unexpected raise from $50,000 a year to $75,000 a year. How do your consumption and savings change? Provide a rough estimate of your marginal propensity to consume.

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Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

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