What are the marginal propensity to consume (MPC) and marginal propensity to save (MPS)? How are the two concepts related? How are the two concepts related to the consumption and saving functions?
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Q1: List six events that could cause a
Q2: Define the consumption and saving schedules.
Q3: Suppose a family's annual disposable income is
Q5: Complete the accompanying table. Q6: Use the following data to answer the Q7: Explain how consumption and saving are related Q8: State four factors that explain why investment Q9: Explain the difference between a movement along Q10: Complete the accompanying table. Q11: List four factors that could shift the
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