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An economy sees consumption increase by $2,763 million when disposable income increases by $4,539. Assuming the marginal propensity to consume remains constant, what is the
An economy sees consumption increase by $2,763 million when disposable income increases by $4,539. Assuming the marginal propensity to consume remains constant, what is the marginal propensity to save? Please round to the closest two decimal places.
If the MPC is equal to 0.72, then a $5,778 increase in disposable income will increase savings by what amount? Please round to two decimal places if needed.
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