Answer the questions on the basis of the information given in the following diagram: Guideline Consumption 4 Consumption function 360 54 National income 360 1. The Marginal Propensity to Consume (MPC) equals:V A. 0.70 B. 0.75 C. 0.80 D. 0.85

Answer the questions on the basis of the information given in the following diagram: Guideline Consumption 4 Consumption function 360 54 National income 360 1. The Marginal Propensity to Consume (MPC) equals:V A. 0.70 B. 0.75 C. 0.80 D. 0.85

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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