Your friend just got an unexpected $1,000 tax refund. She plans to put $800 toward paying off
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Your friend just got an unexpected $1,000 tax refund. She plans to put $800 toward paying off credit card debt, put $100 toward her student loans, and use the remaining $100 to purchase a new grill for her deck. What is your friend’s marginal propensity to consume? By how much has she increased her net wealth?
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Related Book For
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers
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