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Business, 08.04.2020 04:18 111432

Last year, Linus earned a salary of $25,000 and he spent $24,000, thus saving $1000. At the end of the year, he received a bonus of $1000 and he spent $500 of it, saving the other $500. What was his marginal propensity to consume?

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Last year, Linus earned a salary of $25,000 and he spent $24,000, thus saving $1000. At the end of t...

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