Multiple Choice
If the marginal propensity to consume for an economy is 0.8 and the overall income in the economy increases by $1,000, then the total saving in the economy will increase by:
A) $800.
B) $600.
C) $400.
D) $200.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q58: In an economy that has no leakages
Q59: Use Figure: Long-Run Aggregate Supply Curve. The
Q60: Aggregate demand includes the demand for all
Q61: The long-run aggregate supply curve is vertical
Q62: If the real wage is sticky, then
Q64: If the nominal wage of workers decreases
Q65: Using the aggregate demand and aggregate supply
Q66: If the nominal wage is sticky, then
Q67: An economy's _ is measured along the
Q68: Suppose that the short-run macroeconomic equilibrium occurs