
-The figure above illustrates an economy's consumption function. What is the marginal propensity to consume in this economy?
A) 0.67
B) 1.00
C) 0.75
D) 0.33
Correct Answer:
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Q134: Q135: The marginal propensity to save is Q136: Q137: If the slope of the saving function Q138: The slope of the saving function is Q140: The marginal propensity to import reflects the Q141: The aggregate expenditure curve shows Q142: As a nation's GDP increases, that nation's Q143: Since 1970, U.S. consumption function has generally Q144: Induced expenditure includes![]()
A) always![]()
A) how consumption
A)
A) induced consumption expenditure and
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