Multiple Choice
If the marginal propensity to import is ________, then a $2 trillion increase in disposable income would increase import expenditure by $0.2 trillion. If the marginal propensity to import is ________, then a $2 trillion increase in disposable income would increase import expenditure by $0.6 trillion.
A) 1.0; 3.0
B) 0.1; 0.3
C) 0.2; 0.6
D) 0.6; 2.0
E) 0.3; 0.1
Correct Answer:

Verified
Correct Answer:
Verified
Q32: List the components of aggregate expenditure and
Q274: <span class="ql-formula" data-value="\begin{array} { c c }
Q275: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1454/.jpg" alt=" -In the figure
Q276: <span class="ql-formula" data-value="\begin{array} { c c c
Q277: Disposable income equals aggregate income<br>A) minus net
Q281: A change in the price level _
Q282: Consumption expenditure exceeds disposable income<br>A) never.<br>B) when
Q283: On a graph of the consumption function,
Q284: If your MPC is 0.5, then when
Q320: What is the difference between induced and