The marginal propensity to consume is the amount that will


The marginal propensity to consume is the amount that will be consumed out of each additional dollar earned.

Suppose that the MPC has a value of 0.95. If this is true, then a $10 million increase in disposable income (YD) will have what impact on the value of total consumption in the economy?

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Econometrics: The marginal propensity to consume is the amount that will
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