Multiple Choice
Everything else held constant,if total consumption increases from $600 to $800 because of an increase of disposable income of $400,then the mpc is equal to
A) 0.2.
B) 0.4.
C) 0.5.
D) 0.6.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q92: Keynes was especially interested in explaining movements
Q93: In the Keynesian cross diagram,a decrease in
Q94: In the Keynesian cross diagram,an increase in
Q95: In the Keynesian framework,as long as output
Q96: Everything else held constant,if consumption expenditure increases
Q98: A rise in autonomous planned investment spending
Q99: Keynes believed that unstable investment caused the
Q100: Assume equilibrium at full employment for an
Q101: If the consumption function is C =
Q102: Everything else held constant,if aggregate output is