ayeofaygo3719 ayeofaygo3719

11-03-2024
Business

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If the marginal propensity to consume is 0. 67, then an increase in personal income taxes of $300 will initially result in:
a) A decrease in consumption of $201
b) An increase in saving of $201
c) A decrease in consumption of $99
d) An increase in saving of $99

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