What is the level of saving if: a. Disposable income is ($500) and consumption is ($450)? b.

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What is the level of saving if:

a. Disposable income is \($500\) and consumption is \($450\)?

b. Disposable income is \($1,200\) and the APS is .9?

c. The MPC equals .9, disposable income rises from \($800\) to \($900,\) and saving is originally \($120\) when income equals \($800\)?


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Economics

ISBN: 9781032046723

9th Edition

Authors: William Boyes, Michael Melvin

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