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    Economics Study Set 9
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    Exam 23: Aggregate Expenditure and Output in the Short Run
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    Table 23-6 -Given Table 23-7 Below, Fill in the Values of the the Values
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Table 23-6 -Given Table 23-7 Below, Fill in the Values of the the Values

Question 144

Question 144

Essay

Table 23-6
Table 23-6    -Given Table 23-7 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 23-7 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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