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Suppose Saving Is $1,000 When Income Is $10,000 and the MPC

Question 129

Multiple Choice

Suppose saving is $1,000 when income is $10,000 and the MPC equals 0.9. When income increases to $15,000, saving is

A) $1,500.
B) $1,400.
C) $900.
D) $500.

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