a. Suppose that, if their income rises by $100, all households in Normalia raise their spending by $90. Instructions: Round your answers to one decimal place. The MPC in Normalia is: MPS in Normalia is: b. Suppose that the MPC in South Pangea is 0.7. Instructions: Enter your answer as a whole number. If a South Pangean household earns an extra $100, by how much will they increase their spending?
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