Business, 07.04.2020 21:40, Description

Suppose that disposable income, consumption, and saving in some country are $200 billion, $150 billion, and $50 billion, respectively. Next, assume that disposable income increases by $20 billion, consumption rises by $14 billion, and saving goes up by $6 billion. a. What is the economy’s MPC?

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Suppose that disposable income, consumption, and saving in some country are $200 billion, $150 billi...