If the MPC increase, the equilibrium levels of income and consumption will change in which of the following ways?
A) No change/No change
B) No change/Increase
C) Increase/No change
D) Increase/Increase
E) Decrease/Decrease
Ans: D) Increase/Increase
Economics
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Explain and evaluate the validity of the military self-sufficiency argument for trade protection.
What will be an ideal response?
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