Answered: 2. At S10,000 of disposable income,… | bartleby

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 1.2P

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2. At $10,000 of disposable income, Audrey's consumption expenditure was $11,000. At
S20.000 of disposable income, Audrey's consumption expenditure was $19,000. What is
Audrey's marginal propensity to save?

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