Suppose that someone has a disposable annual income of $50,000andan MPC 0.8. They allocate $10,000 of that for necessities. The remainder of the income is both spent and saved. Based on this information autonomous consumption is: a.$32,000. b.$10,000 c.$40,000. d.$50,000.
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Suppose that someone has a disposable annual income of $50,000andan MPC 0.8. They allocate $10,000 o...
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