Multiple Choice
Consider the following information for a family. The income for the family is $58,000; if the MPC is 0.6, and income increases by $13,000, then the increase in savings for the family is:
A) $5,400.
B) $5,200.
C) $420.
D) $7,800.
Correct Answer:
Verified
Correct Answer:
Verified
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