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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 7
Rank the following marginal propensities to consume:
a. Marginal propensity to consume out of permanent income.
b. Marginal propensity to consume out of transitory income.
c. Marginal propensity to consume out of permanent income when consumers are liquidity-constrained.
d. Marginal propensity to consume out of transitory income when consumers are liquidity-constrained.
a. Marginal propensity to consume out of permanent income.
b. Marginal propensity to consume out of transitory income.
c. Marginal propensity to consume out of permanent income when consumers are liquidity-constrained.
d. Marginal propensity to consume out of transitory income when consumers are liquidity-constrained.
Explanation
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Marginal propensity to consume is the in...
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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