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If the Marginal Propensity to Save Is 0

question 3

True/False

If the marginal propensity to save is 0.25 in an economy with no taxes and no imports,the marginal propensity to consume is 1.25.


Definitions:

Ketone

A class of organic compounds characterized by a carbonyl group (C=O) bonded to two carbon atoms.

Terpene

A large and varied class of organic compounds, produced primarily by a wide variety of plants, known for their strong odors.

Fatty Ester

An organic compound formed by the reaction of a fatty acid with an alcohol, commonly found in lipids and essential for various biological functions.

Methanol

A simple alcohol (CH3OH) used as a solvent, fuel, and antifreeze, and in the production of formaldehyde and acetic acid.

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