If you save $80 when you experience a $400 rise in your income,
A) your MPS is 0.25.
B) your MPC is 0.80.
C) your MPC is 0.85.
D) your MPS is 0.40.
Correct Answer:
Verified
Q39: Refer to the information provided in Figure
Q40: Refer to the information provided in Figure
Q41: If consumption is $10,000 when income is
Q42: Refer to the information provided in Figure
Q43: If the consumption function is of the
Q45: Suppose saving is $1,400 when income is
Q46: Refer to the information provided in Table
Q47: If the MPS is 0.22, the MPC
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