Multiple Choice
Which of the following consumption functions has a marginal propensity to consume equal to 0.95?
A) C = 95 + 0.87Y
B) C = 0.95 + 0.87Y
C) C = 1,000 + 0.05Y
D) C = 1,000 + 95Y
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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