If the MPC is .80, then a change in disposable income of $60 billion will lead to an initial change in consumption of

Name: If the MPC is .80, then a change in disposable income of $60 billion will lead to an initial change in consumption of
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The initial change in consumption is calculated by multiplying the change in disposable income by the marginal propensity to consume (MPC). So, $60 billion * 0.80 = $48 billion.

If the MPC Is