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Q: If the MPC is 0.31 find the value of the MPS
A:
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Q: Empirical evidence suggests that many consumers tend to spend all of their current disposable income…
A: Yes, this is irrational that many consumers tend to spend all of their current disposable income…
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Q: What are the nonincome determinants of Consumption and Savings?
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Q: Calculate the value of APS if savings is $990 and income is $2100
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Q: If the value of MPC is 0.25 Find the value of MPS.
A: Given data: MPC is 0.25
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Q: change in disposable income that is consumed 1
A: Correct option is (D).
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Q: alculate the value of MPS given that:- MPC = 0.31
A: MPC or Marginal Propensity to Consume is the change in the consumption when there is change in…
Q: Find the level of savings when consumption is $610 and the income is $111
A: Generally in the given question Consumption amount is =$610 Income is = $111 Savings = ?
Q: If the consumption function is C = 100 + 0.8Yd, T= 200 and Y = 800, what is savings?
A: Consumption function gives the relationship between disposable income and consumption. Consumption…
Q: Change in savings is $2000 and change in income is $4300 Calculate MPS
A: The information being given is:- Change in Savings = $2000 Change in income = $4300 We have to…
it is given that the ratio of APS to APC is 2/7
Calculate the ratio of Consumption to savings
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- Calculate MPS if change in savings is $1300 and the change in income is $2300Mathematically derive slope of IS curve. Prove that if investment does not depend oni interestrate, the slope of IS curve is infinity.if consumers receive an increase in income of $1,000, their spending will increase by a smaller amount true or false
