Scenario 21-1. Take the following information as given for a small, imaginary economy:
- When income is , consingtion spending is
- Whan income is , cansumption spending is
-Refer to Scenario 21-1. The marginal propensity to consume for this economy is
A) 0.650.
B) 0.664.
C) 0.650 or 0.664, depending on whether income is $10,000 or $11,000.
D) 0.800.
Correct Answer:
Verified
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