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uring economic expansions (when the economy is close to or at its potential GDP), households and businesses tend to have lower marginal propensities to consume
uring economic expansions (when the economy is close to or at its potential GDP), households and businesses tend to have lower marginal propensities to consume (MPC) because they are more confident and may be saving for the future
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Essentials of Business Driven Information Systems
Authors: Paige Baltzan, Amy Phillips
1st edition
1260004716, 978-0073376721
