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If Real Disposable Income Increases from $110,000 to $120,000 and Consumption

question 53

Multiple Choice

If real disposable income increases from $110,000 to $120,000 and consumption increases from $108,000 to $114,000, the marginal propensity to consume is:

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Definitions:

MPAA Rating

A classification system used in the United States by the Motion Picture Association of America to provide movie viewers with guidance on the suitability of films based on their content.

PG-13

A film rating by the Motion Picture Association indicating that some material may be inappropriate for children under 13.

Watergate Scandal

A major political scandal in the United States involving the Nixon administration's attempted cover-up of its involvement in the 1972 break-in at the Democratic National Committee headquarters.

Downbeat Ending

Endings in films that leave the audience with a sense of unresolved conflict, sadness, or pessimism, contrary to the traditional happy ending.

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