Marginal propensity to consume and marginal propensity

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Assume that in a hypothetical economy with no government and no exports the following conditions exist: Consumption function = 3 + 0.6Y; Planned Investment = $5 trillion;

Based on the above economic information, please answer the questions below:

What is the Marginal Propensity to Consume and Marginal Propensity to Save?

Reference no: EM13740406

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