Multiple Choice
If autonomous planned spending increases by $1 million and s = 0.2 and t = 0.1,then equilibrium income increases by
A) $5 million.
B) $3.33 million.
C) $3.57 million.
D) $2.90 million.
Correct Answer:

Verified
Correct Answer:
Verified
Q132: A fixed or rigid price level implies<br>A)that
Q133: Figure 3-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2645/.jpg" alt="Figure 3-4
Q134: When planned autonomous spending rises,the planned expenditure
Q135: A marginal propensity to consume of 0.84
Q136: In the 2000s,low savings rates are attributed
Q138: Figure 3-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2645/.jpg" alt="Figure 3-7
Q139: Figure 3-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2645/.jpg" alt="Figure 3-7
Q140: In equilibrium,with exports equal to imports it
Q141: In the development of the IS curve,one
Q142: If Y = $200 billion,c = 0.75,autonomous