Multiple Choice
Suppose autonomous consumption rises by $0.8 trillion and the marginal propensity to consume equals three-quarters.By what amount will the equilibrium level of output demanded rise?
A) by $0.2 trillion
B) by $0.6 trillion
C) by $1.07 trillion
D) by $3.2 trillion
Correct Answer:
Verified
Correct Answer:
Verified
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