Multiple Choice
In the equation C = 60 + 0.6 Y, MPC is
A) 60
B) 0.6
C) 0
D) 1
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: When output exceeds spending:<br>A)there is unsold output,
Q2: Psychological law of consumption states that the
Q3: According to the Phillips curve, unemployment will
Q5: An increase in injections into the economy
Q6: Which groups are not protected from inflation?<br>A)industrial
Q7: Who propounded Psychological law of consumption<br>A)adam smith<br>B)ricardo<br>C)keynes<br>D)pigou
Q8: The concept of effective demand is associated
Q9: Keynes assumed the presence of --------- economy
Q10: When MPS = 0.2, MPC will be<br>A)0.8<br>B)0.2<br>C)1.2<br>D)20
Q11: Demand-pull inflation may be caused by:<br>A)an increase