Multiple Choice
The nation of Omega has an MPC of 0.70 and a multiplier of 2.22. Therefore, Omega's MPM is
A) 0.9
B) 0.7
C) 0.5
D) 0.15
E) This question cannot be answered without knowing the MPS
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: In the consumption function: C = a
Q3: If C = a + bY, which
Q4: If the net export function is 500
Q5: If C = $3,000 + 0.9Y, which
Q6: If Y = C + I +
Q7: If Y = C + I +
Q8: Consumption that is independent of the level
Q9: Equilibrium output equals autonomous spending multiplied by
Q10: If the marginal propensity to import increases,
Q11: Equilibrium output can be found by solving