-Refer to the above diagram.The marginal propensity to save is equal to:
Definitions:
Unilateral Mistake
An error made by one party in a contract that is not shared by the other party, potentially affecting the contract's validity.
Mutual Mistakes
A situation in contract law where all parties involved have a shared misunderstanding regarding a basic assumption that significantly impacts the contract.
Voidable Contracts
Contracts that are valid and enforceable on the surface but can be declared void by one or more of the parties due to certain reasons, like misrepresentation or lack of consent.
Innocent Misrepresentation
A false statement made about a material fact by a person who believed the statement was true.
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