True/False
If the marginal propensity to consume is 0.5, then $50 of every additional $100 of income will be spent on consumption.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q117: Cost-push inflation occurs when aggregate demand expands
Q118: Which statement partly explains why the aggregate
Q119: An increase in productivity, a decrease in
Q120: One reason the price level did not
Q121: What are the determinants of short-run aggregate
Q123: Which of these will shift the short-run
Q124: The collapse of home values in 2008
Q125: As the aggregate price level declines<br>A) there
Q126: _ in wealth and _ in government
Q127: At high domestic price levels compared to