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In an economy, for every $10 million increase in disposable income, saving increases by $2 million. It can be concluded that the: A) Slope of
In an economy, for every $10 million increase in disposable income, saving increases by $2 million. It can be concluded that the:
A) Slope of the saving schedule is 2
B) Slope of the consumption schedule is .8
C) Marginal propensity to consume is .2
D) Average propensity to save is 0.2
A) Slope of the saving schedule is 2
B) Slope of the consumption schedule is .8
C) Marginal propensity to consume is .2
D) Average propensity to save is 0.2
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An Introduction to Analysis
Authors: William R. Wade
4th edition
132296381, 978-0132296380
