If the MPC equals 0.85, then
A. for every $100 increase in real Gross Domestic Product (GDP), saving increases by $85.
B. for every $100 increase in real Gross Domestic Product (GDP), saving increases by $15.
C. for every $100 increase in consumption, real Gross Domestic Product (GDP) increases by $85.
D. consumption is always more than real Gross Domestic Product (GDP).
Answer: B
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Hughes and Cain (2011) ask: Who suffered from the tariff in the 19th century? What was their answer?
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The beginning point of a graph (the 0,0 point) is known as
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