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Business, 22.04.2020 02:21 pokry3225

The marginal propensity to consume is the:

a. dollar amount that income increases by when consumption increases by $1.
b. dollar amount that consumption increases by when income increases.
c. proportion of total income that is consumed.
d. proportion of extra income that is consumed.

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Answers: 3

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The marginal propensity to consume is the:

a. dollar amount that income increases by wh...
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