Question: households consumption increased ( change in c) by (80) when national income increased ( change in y) by (400), then; The marginal propensity to save
households consumption increased ( change in c) by (80) when national income increased ( change in y) by (400), then;" The marginal propensity to save (MPS) equals 0.20 The marginal propensity to save (MPS) equals 0 25 The marginal propensity to consume (MPC) equals 0.85 The marginal propensity to save (MPS) equals 0 40
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
