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(Advanced Analysis) If the Equation for the Consumption Schedule Is

Question 152

Multiple Choice

(Advanced analysis) If the equation for the consumption schedule is C = 20 + 0.8Y, where C is consumption and Y is disposable income, then the average propensity to consume is 1 when
Disposable income is


A) $80.
B) $100.
C) $120.
D) $160.

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