Multiple Choice
If the marginal propensity to consume in an economy is 0.8, net exports are zero, and government spending is $33 billion at each level of real GDP, the slope of the economy's aggregate expenditures schedule will be
A) 0.8.
B) 0.2.
C) 5.
D) 0.125.
Correct Answer:
Verified
Correct Answer:
Verified
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