Multiple Choice
Consider a simple macro model with a constant price level and demand-determined output.The equations of the model are: C = 150 + 0.84Y,I = 400,G = 700,T = 0,X = 130,IM = 0.08Y.The marginal propensity to spend on national income,z,is
A) 0.655.
B) 0.760.
C) 0.773.
D) 0.840.
E) 0.920.
Correct Answer:
Verified
Correct Answer:
Verified
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