Question: D Question 8 4 pts When Jack's Income Increases by $5,000, he spends an additional $4,000 dollars. This implies that his marginal propensity to consume

D Question 8 4 pts When Jack's Income Increases by $5,000,

D Question 8 4 pts When Jack's Income Increases by $5,000, he spends an additional $4,000 dollars. This implies that his marginal propensity to consume is 1.25. marginal propensity to consume is 0.8. marginal propensity to save is 1.25. O marginal propensity to save is 0.8, None of the above

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