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Scenario 16-1

Question 389

Multiple Choice

Scenario 16-1. Take the following information as given for a small, imaginary economy:
Scenario 16-1. Take the following information as given for a small, imaginary economy: -Refer to Scenario 16-1. The marginal propensity to consume for this economy is A) 0.650. B) 0.664. C) 0.650 or 0.664, depending on whether income is $10,000 or $11,000. D) 0.800.
-Refer to Scenario 16-1. The marginal propensity to consume for this economy is


A) 0.650.
B) 0.664.
C) 0.650 or 0.664, depending on whether income is $10,000 or $11,000.
D) 0.800.

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