MACROECONOMICS (LOOSELEAF)-PACKAGE
13th Edition
ISBN: 9781337492317
Author: Baumol
Publisher: CENGAGE L
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Chapter 8, Problem 3DQ
To determine
To describe: The meaning of Marginal propensity to consume, which is 0.90 for United States and also to explain the personal MPC at this stage of the life and the changes, when it reaches to the parents’ age.
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