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If the Marginal Propensity to Save (MPS) increases how will that impact the slope and the level of the consumption schedule? In a few sentences,
- If the Marginal Propensity to Save (MPS) increases how will that impact the slope and the level of the consumption schedule?
- In a few sentences, explain one way the official unemployment rate understates the actual level of unemployment?
- In a few sentences, explain why an initial change in consumption of $1 billion will lead to a larger finalchange in GDP.
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Essentials of Business Driven Information Systems
Authors: Paige Baltzan, Amy Phillips
1st edition
1260004716, 978-0073376721
