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Consumption and Saving - End of Chapter Problem Your friend just got an unexpected $ 1 , 0 0 0 tax refund. She plans to
Consumption and Saving End of Chapter Problem
Your friend just got an unexpected $ tax refund. She plans to put $ towards paying off credit card debt, $ toward her student loans, and use the remaining $ to purchase a new grill for her deck. What's your friend's marginal propensity to consume MPC
MPC:
By how much did she increase her net wealth?
Change in net wealth: $
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