Assume that in a hypothetical economy with no government and no exports the following conditions exist: Consumption function = 3...

Assume that in a hypothetical economy with no government and no exports the following conditions exist: Consumption function = 3 + 0.6Y;     Planned Investment = $5 trillion;

Based on the above economic information, please answer the questions below:

What is the Marginal Propensity to Consume and Marginal Propensity to Save? (2 points)

MPC =            ;           MPS =             ;