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Business, 09.09.2019 18:30 ketabug50

The marginal propensity to consume (mpc) is the:
a. amount by which disposable income increases when consumption increases by $1.
b. amount by which consumption increases when disposable income increases by $1.
c. percentage by which consumption increases when disposable income increases by 1 percent.
d. percentage by which disposable income increases when consumption increases by 1 percent.

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The marginal propensity to consume (mpc) is the:
a. amount by which disposable income increa...
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