Assume taxes are zero and an economy has a consumption function of C = 0.55 (Yd) + $344.75. What is the marginal propensity to save for this economy? Round your answer to two digits after the decimal.

Assume taxes are zero and an economy has a consumption function of C = 0.55 (Yd) + $344.75. What is the marginal propensity to save for this economy? Round your answer to two digits after the decimal.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter10: Keynesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy

Section: Chapter Questions

Problem 8QP

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Assume taxes are zero and an economy has a consumption function of C = 0.55 (Y_d) + $344.75. What is the marginal propensity to save for this economy? Round your answer to two digits after the decimal.

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