Multiple Choice
Say that the value of the marginal propensity to consume is 0.9.In this case,people are saving ________ percent of their incomes and the value of the spending multiplier is ________.
A) 10; 10
B) 0.1; 10
C) 10; 1.1
D) 10; 9
E) 0.1; 9
Correct Answer:
Verified
Correct Answer:
Verified
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