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    Macroeconomics Study Set 17
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    Exam 12: Aggregate Expenditure and Output in the Short Run
  5. Question
    Table 12-7 -Given Table 12-7 Below,fill in the Values of the Marginal
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Table 12-7 -Given Table 12-7 Below,fill in the Values of the Marginal

Question 265

Question 265

Essay

Table 12-7
Table 12-7    -Given Table 12-7 below,fill in the values of the marginal propensity to save (MPS)and the marginal propensity to consume (MPC).Show that MPC + MPS = 1.
-Given Table 12-7 below,fill in the values of the marginal propensity to save (MPS)and the marginal propensity to consume (MPC).Show that MPC + MPS = 1.

Correct Answer:

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

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