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ECON MACRO 5th Edition by William McEachern
النسخة 5الرقم المعياري الدولي: 978-1305659094ECON MACRO 5th Edition by William McEachern
النسخة 5الرقم المعياري الدولي: 978-1305659094 تمرين 2
Explain what a consumption function illustrates and interpret its slope
MPC and MPS) If consumption increases by $12 billion when disposable income increases by $15 billion, what is the value of the MPC? What is the relationship between the MPC and the MPS? If the MPC increases, what must happen to the MPS? How is the MPC related to the consumption function? How is the MPS related to the saving function?
MPC and MPS) If consumption increases by $12 billion when disposable income increases by $15 billion, what is the value of the MPC? What is the relationship between the MPC and the MPS? If the MPC increases, what must happen to the MPS? How is the MPC related to the consumption function? How is the MPS related to the saving function?
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Change (increase) in consumption = $12 b...
ECON MACRO 5th Edition by William McEachern
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