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    Economics Principles and Policy Study Set 2
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    Exam 24: Aggregate Demand and the Powerful Consumer
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    If Income in Austria Decreases by 30 Million Euros and Consumption
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If Income in Austria Decreases by 30 Million Euros and Consumption

Question 121

Question 121

Multiple Choice

If income in Austria decreases by 30 million euros and consumption decreases by 24 euros, then the MPC equals


A) 0.90.
B) 0.80.
C) 0.60.
D) −0.60.

Correct Answer:

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