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(Advanced Analysis)Answer the Question on the Basis of the Following

Question 65

Multiple Choice

(Advanced analysis) Answer the question on the basis of the following consumption schedule: C = 20 + .9Y,where C is consumption and Y is disposable income. Refer to the given data.The MPC is:


A) .45.
B) .20.
C) .50.
D) .90.

Correct Answer:

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