C 100 0.9 y i 50 a. what is the value of marginal, Ask an Expert

Economics

Consider the following numerical ex of the simple Keynesian model with no government spending or taxes (all figures in $millions): C = 100 + 0.9 Y I = 50 a). What is the value of marginal propensity to consume (MPC) in this model? The marginal propensity to save (MPS)?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M959348

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