Answer the question on the basis of the information given in the following diagram: GuidelLine Agg. Demand Consumption Consumption 150 60 500 National Income 1. The Marginal Propensity to Consume (MPC) equals: A. 0.60 B. 0.70 C. 0.75 D. 0.80

Answer the question on the basis of the information given in the following diagram: GuidelLine Agg. Demand Consumption Consumption 150 60 500 National Income 1. The Marginal Propensity to Consume (MPC) equals: A. 0.60 B. 0.70 C. 0.75 D. 0.80

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter24: Fiscal Policy

Section: Chapter Questions

Problem 7P

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