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In an economy, autonomous consumption is $10. If Income is $90 and the mpc is 0.9, how much is Consumption? O 89 100 O 90 O 91

In an economy, autonomous consumption is $10. If Income is $90 and the mpc is 0.9, how much is Consumption? O 89 100 O 90 O 91

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Production And Growth
Section: Chapter Questions
Problem 5CQQ
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In an economy, autonomous consumption is $10. If Income is $90 and the mpc is 0.9, how much is Consumption? O 89 100 O 90 O 91 O O O O
Transcribed Image Text:In an economy, autonomous consumption is $10. If Income is $90 and the mpc is 0.9, how much is Consumption? O 89 100 O 90 O 91 O O O O
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