What is the marginal propensity to consume? How is it affected by borrowing constraints or precautionary saving

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What is the marginal propensity to consume? How is it affected by borrowing constraints or precautionary saving issues?

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Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

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Question Posted: Feb 25, 2016 06:36 AM

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What is the marginal propensity to consume? How is it affected by borrowing constraints or precautionary saving

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The MPC is the amount consumed out of an additional dollar of income If changes in income are ...View the full answer

Macroeconomics

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