Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
ChapterD: The Expenditure-output Model
Section: Chapter Questions
Problem 8RQ: Exercise D8 What determines the slope of a consumption function?
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Calculate the value of MPC. The value of MPS is given to be as 0.95
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