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    Exam 11: A Real Intertemporal Model with Investment
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    The Marginal Propensity to Consume Out of Income
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The Marginal Propensity to Consume Out of Income

Question 49

Question 49

Multiple Choice

The marginal propensity to consume out of income


A) is larger than one.
B) is equal to one.
C) is smaller than one.
D) varies around one.

Correct Answer:

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