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The aggregate consumption function of an economy is represented by the following equation: C = 3,000 + 0.8 (Y - 100) What is the marginal
The aggregate consumption function of an economy is represented by the following equation:
C = 3,000 + 0.8 (Y - 100)
What is the marginal propensity to consume?
a.
0.2
b.
3,000
c.
0.8
d.
100
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