The relationship between MPC and MPS is:
a. 1 + MPC = MPS.
b. 1 ? MPC = MPS.
c. 1 + MPS = MPC.
d. MPC ? MPS = 1.
b
Economics
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Figure 4.3 illustrates the demand for tacos. Assume tacos are an inferior good. An increase in income would bring about a movement from
A) point a to point b. B) point c to point b. C) D2 to D1. D) D0 to D1.
Economics
Figure 33-8
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In Figure 33-8, which of the following movements reflects the Fed’s anti-inflationary policy of the early 1980s and the following market adjustment?
A. A to B to C B. E to A to B C. C to D to E D. D to E to C
Economics