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    Exam 3: Income and Interest Rates: the Keynesian Cross Model and the Is Curve
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    In the Consumption Function C = a + C(Y -T),the
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In the Consumption Function C = a + C(Y -T),the

Question 63

Question 63

Multiple Choice

In the consumption function C = a + c(Y -T) ,the "marginal propensity to consume" appears as


A) a.
B) c.
C) cY.
D) -cT.

Correct Answer:

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