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Figure 13-6 -Refer to Figure 13-6. Let Y = Real GDP, AE

Question 128

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Figure 13-6 Figure 13-6 -Refer to Figure 13-6. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JI<sub>P</sub> = Planned Investment, G = Government Purchases. Further, I<sub>P</sub> and G are autonomous. What is the marginal propensity to consume? A) 0.25 B) 0.5 C) 1.0 D) 2
-Refer to Figure 13-6. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JIP = Planned Investment, G = Government Purchases. Further, IP and G are autonomous. What is the marginal propensity to consume?


A) 0.25
B) 0.5
C) 1.0
D) 2

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