Question
If the MPC is 0.60 and disposable income increases from $20,000 billion to $22,000 billion, consumption will increase by? How do you solve this?
If the MPC is 0.60 and disposable income increases from $20,000 billion to $22,000 billion, consumption will increase by?
How do you solve this?
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
8th Canadian Edition
134646355, 9780134842615 , 978-0134646350
