Calculate marginal propensity to consume after the changes

Reference no: EM13243311

If an editorial says that Americans are saving at loweramounts ie, 20 years ago the average savings rate was 20% ofdisposable income. The editorial predicted that thiswould drop to 5 percent in less than five years. calculate the marginal propensity to consume after the change in the rate of savings.

Reference no: EM13243311

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