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    Exploring Macroeconomics
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    Exam 8: Aggregate Demand
  5. Question
    Explain the Difference Between the Average Propensity to Consume and the Marginal
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Explain the Difference Between the Average Propensity to Consume and the Marginal

Question 17

Question 17

Essay

Explain the difference between the average propensity to consume and the marginal propensity to consume.Provide a numerical example for each.

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The average propensity to consume is the...

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