Multiple Choice
Suppose an increase in disposable income from $3 trillion to $3.2 trillion increases consumption from $2.5 trillion to $2.6 trillion.The marginal propensity to consume is _____.
A) 0.1
B) 0.2
C) 0.5
D) 0.8
E) 0.9
Correct Answer:
Verified
Correct Answer:
Verified
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