Solution-How is the mpc related to the consumption function

How is the mpc related to the consumption function

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If consumption increases by $12 billion when real 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 rises, what must happen to the MPS? How is the MPC related to the consumption function? How is the MPS related to the saving function?

Reference no: EM131144964

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How is the mps related to the saving function : If consumption increases by $12 billion when real 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 rises, what must happen to the MPS? How is the MPC related to..

How is the mpc related to the consumption function : If consumption increases by $12 billion when real 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 rises, what must happen to the MPS? How is the MPC related to..

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How is the mpc related to the consumption function

Reference no: EM131144964

Reference no: EM131144964

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