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

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter8: Aggregate Demand And The Powerful Consumer

Section: Chapter Questions

Problem 8DQ

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