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marginal propensity to consume

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    Marginal propensity to save is 0.3. Calculate MPC

    Marginal propensity to save is 0.3. Calculate MPC. MPC is Marginal Propensity to Consume. And MPS is Marginan Propensity to Save. The relational equation between the two is: MPC + MPS = 1 To get MPC, we have: MPC = 1 - MPS The problem gives us MPS = 0.3, so plug it into this modified MPC...
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