If the marginal propensity to consume is 0.5,the income tax rate is 10%,and income rises by $20,000,by how much will consumption spending increase?
A) $15,000
B) $10,000
C) $5,000
D) $9,000
E) $1,000

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The Answer of If the marginal propensity to consume is 0.5,the income tax rate is 10%,and income rises by $20,000,by how much will consumption spending increase?
A) $15,000
B) $10,000
C) $5,000
D) $9,000
E) $1,000

If the Marginal Propensity to Consume Is 0