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Relationship between the mpc and the mps

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Reference no: EM131224426

If consumption increase 12 billion when disposable income increases by 15 billion, what is the value of the MPC? What is the relationship between the MPC and the MPS? If the MPC increases, what must happen to the MPS? How is the MPC related to the consumption function? How is the MPS related to the saving function?

Reference no: EM131224426

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