E-LEARNING SYSTEM (ACADEMIC)rinciples of MacroeconomicsestionIf the MPS is 0.20, the MPC isSelect one:etereda.1.20.ed out ofO b. -0.20.О с.0.40.agO d. 0.80.ion

MPS also known as marginal propensity to save means is a proportion of increase in income which an…

Answered: If the MPS is 0.20, the MPC is Select…

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If the MPS is 0.20, the MPC is Select one: а. 1.20. O b. -0.20. O C. 0.40. O d. 0.80.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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