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    Principles of Macroeconomics Study Set 11
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    Exam 8: Aggregate Expenditure and Equilibrium Output
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    Critically Evaluate the Following Statement
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Critically Evaluate the Following Statement

Question 58

Question 58

Essay

Critically evaluate the following statement. "People can spend more than their income by borrowing therefore the sum of the MPC and the MPS could actually be greater than one."

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It could be True that one could consume ...

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