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How much more would you spend if you won a $1,000 lottery prize? Why might your average and marginal propensities to consume differ?

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter8: Aggregate Demand And The Powerful Consumer

Section: Chapter Questions

Problem 3DQ

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How much more would you spend if you won a $1,000 lottery prize? Why might your average and marginal propensities to consume differ?

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