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Total Planned Expenditure (Equals Total Output)is 14,000 When Autonomous Consumption

Question 69

Multiple Choice

Total planned expenditure (equals total output) is 14,000 when autonomous consumption expenditure is 450.When autonomous consumption expenditure falls to 400,total planned expenditure (equals total output) is 13,800.The marginal propensity to consume is ________.


A) 0.89
B) 0.75
C) 0.99
D) 0.44
E) 0.03

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