If Earl received an $800 bonus and his MPS is 0.25, his consumption rises by $________ and his saving rises by $________.
A) 825; 125
B) 600; 200
C) 400; 250
D) 800; 250
Correct Answer:
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Q109: If consumption is $13,000 when income is
Q110: Household income is _ related to consumption
Q111: If the MPS is 0.10, MPC is
A)
Q112: Refer to the information provided in Figure
Q113: If Corinne's income is reduced to zero
Q115: If you earn an additional $200 in
Q116: [Yd - C] equals
A) spending.
B) the MPC.
C)
Q117: Refer to the information provided in Figure
Q118: The marginal propensity to consume is
A) consumption
Q119: Uncertainty about the future is likely to
A)
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