What is the relationship between the mpc and the mps

Reference no: EM13238969

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 increases, what must happen to the MPS? How is the MPC related to the consumption function?

Reference no: EM13238969

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