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    Exam 12: Aggregate Expenditure and Output in the Short Run
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    Given Table 23-4 Below,fill in the Values of the Marginal
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Given Table 23-4 Below,fill in the Values of the Marginal

Question 84

Question 84

Essay

Given Table 23-4 below,fill in the values of the marginal propensity to save (MPS)and the marginal propensity to consume (MPC). Show that MPC + MPS = 1.
Table 23-4
Given Table 23-4 below,fill in the values of the marginal propensity to save (MPS)and the marginal propensity to consume (MPC). Show that MPC + MPS = 1. Table 23-4

Correct Answer:

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The MPC is defined as:
MPC = blured image = blured image = blured image = 0....

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