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Suppose consumption is $20,000 when income is $32,000 and the MPC equals 0.8. When income increases to $40,000, consumption is
Viscous Lava
Lava that has a thick, sticky consistency due to its high silica content, which causes it to flow slowly.
Scoria
A type of volcanic rock characterized by its vesicular texture and low density, formed from cooling lava.
Vesicular Basalt
A type of igneous rock characterized by a porous structure due to gas bubbles trapped in the lava during solidification.
Pillow Basalts
Pillow basalts are bulbous, spherical lava formations created when lava erupts underwater or flows into water, rapidly cooling and solidifying.
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