Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Question
Chapter 9, Problem 9E
To determine
(a)
To write:
Disposable income is $500, and consumption is $450. The value of savings.
To determine
(b)
To write:
Disposable income is $1,200 and APS is 0.9. The value of savings.
To determine
(c)
To write:
MPC = 0.9, disposable income rises from $800 to $900. Saving was originally at $120 when income was $800. The value of savings now.
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