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If the Consumption Function Is of the Form [C =

question 92

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If the consumption function is of the form [C = 80 + 0.4Y], the MPS equals


Definitions:

World Price

The global market price of a good or service, influenced by worldwide supply and demand.

Domestic Price

The price of goods or services within a country's borders, as opposed to international or export prices.

World Price

The international market price of a good, influenced by global supply and demand.

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