Fill in the blank cells in the following table. Assume for simplicity that taxes are zero. Also
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Marginal National Income Marginal Propensity Propensity to Save (MPS) and Real Consumption Saving to Consume (C) (S) GDP (Y) (MPC) $9,000 $8,000 8,750 10,000 9,500 11,000 12,000 10,250 13,000 11,000
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Y C S T With taxes equal to zero this equation becomes Y C S and ...View the full answer
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