Economics:
Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
Question
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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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