Suppose disposable income increases by $ 2,000. As a result, consumption increases by $ 1,500. Answer the questions based on this information. Where appropriate, enter your answer as a decimal rather than as a percentage. The increase in savings resulting directly from this change in income is:
The marginal propensity to save (MPS) is:
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Suppose disposable income increases by $ 2,000. As a result, consumption increases by $ 1,500. Answe...
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