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  3. Study Set
    Microeconomics Study Set 2
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    Exam 8: Aggregate Expenditure and Output in the Short Run
  5. Question
    Given Table 8
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Given Table 8

Question 157

Question 157

Essay

Given Table 8.6 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 8.6 Given Table 8.6 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 8.6

Correct Answer:

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

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