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Fall 2010_ECO401_2_SOL
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Question 01:
The average propensity to consume (APC) and disposable income (Yd) is given in the following table. From this information, calculate the consumption (C), average propensity to save (APS) and marginal propensity to consume (MPC).
Question 02:
According to Keynes, “saving can be harmful for the economy if everyone starts
saving”. Illustrate this concept graphically.

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Created 2011-04-04 15:44:29
Created by awais
Changed at 2011-04-06 14:39:20

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