Thursday, August 11, 2011
The marginal propensity to save is 0.15, the marginal propensity to? Is it a,b or c?
The answer given is correct if you are talking about MPC - or marginal propensity to consume. The formula is 1-MPC (marginal propensity to consume)=MPS (marginal propensity to save) or 1-MPS=MPC. 1-.15=.085 B is your answer.
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