Multiple Choice
The amount by which imports increase when income goes up by one dollar is called:
A) the marginal propensity to consume.
B) the spending multiplier.
C) the money multiplier.
D) the marginal propensity to import.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q47: Perfect capital mobility implies:<br>A)a vertical FE curve.<br>B)high
Q48: The IS curve illustrates all combinations of
Q49: The intersection of the IS and LM
Q50: An external shock such as a foreign
Q51: An increase in the domestic price level
Q53: If the marginal propensity to save is
Q54: The IS curve has a:<br>A)positive slope because
Q55: Which of the following is NOT a
Q56: The smaller the country, the more its
Q57: With its rapid growth of production and