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Business, 18.02.2020 02:29 natalie2sheffield

Suppose the marginal propensity to consume changes from 0.75 to 0.90, how will this affect the consumption function?
Group of answer choices:
1. The autonomous consumption will increase
2. The function will exhibit a parallel shift upward
3. The slope will get steeper
4. All the above are incorrect

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Answers: 3

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Suppose the marginal propensity to consume changes from 0.75 to 0.90, how will this affect the consu...
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