Solved

Suppose Consumption Increases by $250 Million When Income Increases by $300

Question 113

Multiple Choice

Suppose consumption increases by $250 million when income increases by $300. What is the marginal propensity to consume?

A) 0.833
B) 83.3
C) 250
D) 50
E) None of these

Related Questions

Q108: Evidence from the effect of the 2008

Q109: Answer the questions below:<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Answer

Q110: Suppose consumption is $2,700 million when income

Q111: Exhibit 23-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 23-2

Q112: Which of the following statements is false?<br>A)Economic

Q114: The following table shows the relationship between

Q115: If the marginal propensity to consume increases,<br>A)firms

Q116: Which of the following best explains why

Q117: The consumption function describes<br>A)the negative relationship between

Q118: Why are most short-term forecasts based on