Multiple Choice
When disposable income equals $800 billion, planned consumption expenditure equals $600 billion, and when disposable income equals $1,000 billion, planned consumption expenditure equals $760 billion. What is the marginal propensity to save?
A) 0.64
B) 0.20
C) 0.80
D) 0.25
Correct Answer:
Verified
Correct Answer:
Verified
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