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If Autonomous Consumption Rises by $70 And,as a Result,Real GDP

question 74

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If autonomous consumption rises by $70 and,as a result,Real GDP rises by $350,then the marginal propensity to consume is

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Definitions:

Intelligence

The capacity for learning, reasoning, understanding, and similar forms of mental activity; aptitude in grasping truths, relationships, facts, meanings, etc.

Justifiable

The quality of being defensible as right or permissible, often within a specific context such as law or ethics.

Al Qaeda

An international terrorist organization founded by Osama bin Laden, known for coordinating and executing terrorist attacks globally.

U.S. Citizens

Individuals who are legally recognized as members of the United States, with rights and responsibilities under its laws.

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