A. If consumption increases by $12 billion when real disposable income increases by $15 billion, what is

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A. If consumption increases by $12 billion when real disposable income increases by $15 billion, what is the value of the MPC?

B. What is the relationship between the MPC and the MPS?

C. If the MPC rises, what must happen to the MPS?

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Macroeconomics

ISBN: 978-1319120054

3rd Canadian edition

Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson

Question Posted: May 23, 2013 05:33 AM

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A. If consumption increases by $12 billion when real disposable income increases by $15 billion, what is

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A Computation of Value of MPC Given information Consumption increase 10 billio...View the full answer

Macroeconomics

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