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This week, we just made some review of the topics we have discussed before prior to our Test 2 test. We've discussed some overview of
This week, we just made some review of the topics we have discussed before prior to our Test 2 test. We've discussed some overview of Chapter 8 about Marginal Propensity to Consume, which will tells us the effect on the consumer spending when there is a change in the disposable income. I was able to realize that studying economics is really related to everyday life. If you think about it, there is really a relation on the additional amount on your consumption from the amount of our paycheck after all your fixed costs like rent or mortgage, insurance, taxes etc. If you don't have much you won't consume it all or might as well save the rest. What do you think is the relation of this in Aggregate Expenditure and GDP
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