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MMLU / Suppose that current disposable income is …

Problem

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question

Suppose that current disposable income is 10000andconsumptionspendingis10000 and consumption spending is 8000. For every 100increaseindisposableincomesavingincreases100 increase in disposable income saving increases 10. Given this information
Plain-text mathematical notation (without MathML)
Suppose that current disposable income is 10000andconsumptionspendingis8000. For every 100increaseindisposableincomesavingincreases10. Given this information
Original LaTeX notation
Suppose that current disposable income is $10000 and consumption spending is $8000. For every $100 increase in disposable income saving increases $10. Given this information

choices

  1. the marginal propensity to consume is .80.
  2. the marginal propensity to save is .20.
  3. the marginal propensity to save is .10.
  4. the marginal propensity to save is .90.

subject

high_school_macroeconomics

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