Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 15 pts An economy sees consumption increase by $2,603 million when disposable income increases by $4,031 million. Assuming the marginal propensity to consume remains

image text in transcribed
image text in transcribed
Question 15 pts An economy sees consumption increase by $2,603 million when disposable income increases by $4,031 million. Assuming the marginal propensity to consume remains constant, what is the marginal propensity to save? Please round to the closest two decimal places. Question 43 5 pts lithe MPC is equal to 0.641 then a $5,?21 increase in disposable income will increase sayings by what amount? Please round to two decimal places if needed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Economics questions

Question

Why is rejecting ????0 a reliable decision?

Answered: 1 week ago