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Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237 Exercise 4
The slope of the consumption schedule in this figure is.75. Thus the:
A) slope of the saving schedule is 1.33.
B) marginal propensity to consume is.75.
C) average propensity to consume is.25.
D) slope of the saving schedule is also.75.
A) slope of the saving schedule is 1.33.
B) marginal propensity to consume is.75.
C) average propensity to consume is.25.
D) slope of the saving schedule is also.75.
Explanation
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The marginal propensity to consume is ch...
Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
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