Consumption of marginal propensity
Could someone please help with the given true/false question. Problem: The marginal propensity to consume is 0.8 and autonomous expenditures have just increased by $122. Equilibrium income will drop by $488.
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The marginal propensity to consume is 0.8 and autonomous expenditures have just increased by $122. Equilibrium income will drop by $488.
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