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What is the level of saving if: The MPC equals .9, disposable income rises from $ 800 to $ 900, and saving is originally $ 120 when income equals $ 800?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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What is the level of saving if: The MPC equals .9, disposable income rises from $ 800 to $ 900, and saving is originally $ 120 when income equals $ 800?

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