Multiple Choice
If the marginal propensity to consume is 0.5, the multiplier is:
A) 1.
B) 5.
C) 2.
D) 0.2.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q24: Consumption is $5,900 when income is $6,000,
Q25: The marginal propensity to consume (MPC) is
Q26: If the marginal propensity to consume is
Q27: Consider the following data. Based on
Q28: An increase in spending in the economy
Q30: The slope of the consumption function is:<br>A)always
Q31: Consider the following data. What is
Q32: If the marginal propensity to consume is
Q33: If the federal government raises taxes:<br>A)aggregate expenditure
Q34: In the Keynesian cross, macroeconomic equilibrium occurs