Question
If the marginal propensity to consume is 0.50, a 10 increase in disposable income will lead to a $___ increase in consumption and a $____
If the marginal propensity to consume is 0.50, a 10 increase in disposable income will lead to a $___ increase in consumption and a $____ increase in savings. (enter both responses rounded to two decimal places)
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
