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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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