Multiple Choice
Suppose the MPC in an economy is 0.9.The APC is initially 0.95 and disposable income is $4 billion.If disposable income increases to $14 billion,what is the new level of consumption?
A) $13.3 billion.
B) $12.8 billion.
C) $9 billion.
D) $12.6 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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