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points Assume that in a hypothetical economy with no government and no exports the following conditions exist: Consumption Function = 200 + 0.84Y; Planned Investment
points Assume that in a hypothetical economy with no government and no exports the following conditions exist: Consumption Function = 200 + 0.84Y; Planned Investment = $600 billions Based on the above economic information, please answer the questions below: What is the Marginal Propensity to Consume and Marginal Propensity to Save? (1 point)
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Core Macroeconomics
Authors: Eric Chiang
3rd edition
978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435
