Refer to the diagram for a private closed economy. The MPC and MPS are
A) 0.6 and 0.4, respectively.
B) 0.7 and 0.3, respectively.
C) both 0.5.
D) both 0.7.

Name: Refer to the diagram for a private closed economy. The MPC and MPS are A) 0.6 and 0.4, respectively. B) 0.7 and 0.3, respectively. C) both 0.5. D) both 0.7.
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Question

Refer to the diagram for a private closed economy. The MPC and MPS are
A) 0.6 and 0.4, respectively. 
B) 0.7 and 0.3, respectively. 
C) both 0.5. 
D) both 0.7.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram for a private closed economy. The MPC and MPS are
A) 0.6 and 0.4, respectively. 
B) 0.7 and 0.3, respectively. 
C) both 0.5. 
D) both 0.7.

Refer to the Diagram for a Private Closed Economy