If disposable income increases by $1 and consumption goes up by $0.80, we can conclude that... O a. The marginal propensity to save is 0.8. O b. The average propensity to consume is 0.8 O c. The marginal propensity to consume is 0.8. O d. The marginal propensity to import is at least 0.8.

If disposable income increases by $1 and consumption goes up by $0.80, we can conclude that... O a. The marginal propensity to save is 0.8. O b. The average propensity to consume is 0.8 O c. The marginal propensity to consume is 0.8. O d. The marginal propensity to import is at least 0.8.

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Description: If disposable income increases by $1 and consumption goes up by $0.80, we can conclude that.O a. The marginal propensity to save is 0.8.O b. The average propensity to consume is 0.8O c. The marginal propensity to consume is 0.8.O d. The marginal pro

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter9: Aggregate Expenditures

Section: Chapter Questions

Problem 10E

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If disposable income increases by $1 and consumption goes up by $0.80, we can conclude that.
O a. The marginal propensity to save is 0.8.
O b. The average propensity to consume is 0.8
O c. The marginal propensity to consume is 0.8.
O d. The marginal propensity to import is at least 0.8.

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