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There are basically only two things that can be done with income. It can be saved or spent, or some combination of the two.
There are basically only two things that can be done with income. It can be saved or spent, or some combination of the two. From this we realize that: A B C D the MPS is greater than 1 for very low levels of income the MPS represents that portion of incremental income which is consumed the MPS plus the MPC must equal 1 the MPC minus the MPS must equal 1
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Income is the money or value that a person business or other organization receives in return for ...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
10th edition
978-1337902571, 1337902578, 978-1337911054, 1337911054, 978-0324272055
