Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![C
AE = C+1
MPC
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Find the following:
1. The aggregate expenditure AE
2. Marginal propensity to spend (MPC)
3. Marginal propensity not to spend (1-b MPS](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1d5bc5fb-f8e6-4745-9fa7-7ce6348901dd%2F8e3e08a6-4c30-4dab-af72-3b275c41c981%2F636f2c4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:C
AE = C+1
MPC
100
60
100
180
60
200
260
60
300
340
60
400
420
60
500
500
60
600
580
60
700
660
60
800
740
60
Find the following:
1. The aggregate expenditure AE
2. Marginal propensity to spend (MPC)
3. Marginal propensity not to spend (1-b MPS
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