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Suppose That When Disposable Income Rises from $5

question 133

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Suppose that when disposable income rises from $5.2 trillion to $6.0 trillion,consumption rises from $5.0 trillion to $5.6 trillion.What is the marginal propensity to save?


Definitions:

Tropical Rain Forest

A hot, moist biome found near Earth's equator, known for its dense canopy of biodiversity.

Shortgrass Prairie

A grassland ecosystem characterized by the dominance of shortgrass species, adapted to arid conditions and grazing pressure, found in the central United States and other parts of the world.

Temperate Grassland

A grassland characterized by hot summers, cold winters, and less rainfall than is found in a temperate deciduous forest biome.

Mediterranean Sea

A sea connected to the Atlantic Ocean surrounded by the Mediterranean region and almost completely enclosed by land.

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