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Author Question: Suppose saving is $1,400 when income is $10,000 and the MPCequals 0.8. When income increases to ... (Read 16 times)

schs14

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Question 1

Suppose consumption is $5,000 when income is $8,000 and the 
MPC equals 0.9. When income increases to $10,000, consumption is


◦ $2,700.
◦ $4,500.
◦ $6,800.
◦ $7,200.

Question 2

Suppose saving is $1,400 when income is $10,000 and the 
MPC equals 0.8. When income increases to $12,000, saving is


◦ $1,680.
◦ $1,800.
◦ $2,200.
◦ $3,000.


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Marked as best answer by schs14 on Apr 19, 2019

courtney_bruh

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schs14

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Reply 2 on: Apr 19, 2019
Wow, this really help


phuda

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Reply 3 on: Yesterday
Gracias!

 

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