Exploring Macroeconomics
8th Edition
ISBN: 9781544337722
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Question
Chapter 15, Problem 6P
To determine
To compute:
The marginal propensity to consume and the marginal propensity to save.
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The value of marginal propensity to consume is 0.44
Calculate the value of Marginal propensity to save?
The marginal propensity to save is 0.55
What is the value of Marginal propensity to consume
Calculate the value of Marginal propensity to consume. The value of Marginal propensity to save Is 0.88
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- Explain why the marginal propensity to save and the marginal propensity to consume sum to 1.arrow_forwardWhen disposable income equals $800 billion, consumption expenditure equals $600 billion and when disposable income equals $1,000 billion, consumption expenditure equals $760 billion. What is the marginal propensity to consume? 0.20 0.80 0.64 0.25arrow_forwardIf the marginal propensity to consume is 0.90, what is the marginal propensity to save?arrow_forward
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