Multiple Choice
An increase in the marginal propensity to import will
A) raise imports and raise equilibrium income.
B) lower imports and raise equilibrium income.
C) lower the multiplier and reduce equilibrium income.
D) raise the multiplier and reduce equilibrium income.
Correct Answer:
Verified
Correct Answer:
Verified
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Q53: Figure 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2645/.jpg" alt="Figure 3-2
Q54: Figure 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2645/.jpg" alt="Figure 3-2
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