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How much will $200 in new spending change equilibrium income if the marginal propensity to save is 0.2
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How much will $200 in new spending change equilibrium income if the marginal propensity to save is 0.2
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Oct 5, 2023
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How much will $200 in new spending change equilibrium income if the marginal propensity to save is 0.2
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Answer:
$250
Step-by-step explanation:
1/MPS=1/(1-0.02)=1.25; 1.25x$200= $250
XAMT
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Oct 10, 2023
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