A.if all 110 million households spent the same additional dollars on appliances, electronics, and furniture as the sample 30,000
rebate receiving households did so, how much did the aggregate consumption increase?
B. If the MPC was 0.9, how much would the cumulative spending increase as a result?
B. If the MPC was 0.9, how much would the cumulative spending increase as a result?
1 answer:
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Answer:
Step-by-step explanation:
2/3 = 0.6 repeating
3/7 = 0.42857