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Question 3: You are given the following data about an economy that has a fixed price level, no imports, and no taxes (3 marks) Disposable
Question 3: You are given the following data about an economy that has a fixed price level, no imports, and no taxes (3 marks) Disposable income (billions of dollars) saving (billions of dollars) 20 145 1. Calculate consumption at each level of disposable income (2 marks) 2. Calculate the marginal propensity to consume (1 mark)
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