Answer the question on the basis of the following consumption schedule: C = 50 + .75Y. The level of disposable income is $400. What is the MPC of this economy?

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Chapter8: The Keynesian Model
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Answer the question on the basis of the following consumption schedule: C = 50 + .75Y. The level of disposable income is $400.

What is the MPC of this economy?

 

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