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Exhibit 8-1 Disposable Income and Consumption Data

Question 14

Multiple Choice

Exhibit 8-1 Disposable income and consumption data
Exhibit 8-1 Disposable income and consumption data In Exhibit 8-1, when disposable income is increased from $2,000 to $3,000 to $4,000, the marginal propensity to consume A) remains constant. B) increases from 0.6 to 0.7. C) decreases from 0.8 to 0.7. D) decreases from 0.7 to 0.6.
In Exhibit 8-1, when disposable income is increased from $2,000 to $3,000 to $4,000, the marginal propensity to consume


A) remains constant.
B) increases from 0.6 to 0.7.
C) decreases from 0.8 to 0.7.
D) decreases from 0.7 to 0.6.

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