Advanced Placement (AP), 23.10.2020 19:10 makenna72
A high marginal propensity to consume implies which of the following?
A high marginal tax rate
A low marginal propensity to save
An equilibrium level of income near full employment
A high savings rate
A small change in consumption when income changes
Answers: 2
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A high marginal propensity to consume implies which of the following?
A high marginal tax rate
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