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Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237 Exercise 22
When consumption equals disposable income:
A) the marginal propensity to consume is zero.
B) the average propensity to consume is zero.
C) consumption and saving must be equal.
D) saving must be zero.
A) the marginal propensity to consume is zero.
B) the average propensity to consume is zero.
C) consumption and saving must be equal.
D) saving must be zero.
Explanation
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When there is any amount of savings, or ...
Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
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