Answer to Question #36678 in Macroeconomics for Jon Smith

Question #36678
Suppose that the consumption function is: C = $500 + 0.8 × YD, where YD is disposable income. Reference: Ref 11-5 (Scenario: Consumption Spending) The marginal propensity to save is: A. $500. B. 0 C. 0.8. D. 0.2.
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