Multiple Choice
If the MPC is 0.95, then a $10 million increase in disposable income will
A) increase consumption by $200 million.
B) increase consumption by $9.5 million.
C) decrease consumption by $105 million.
D) increase consumption by $950 million.
E) increase consumption by 0.5 million.
Correct Answer:
Verified
Correct Answer:
Verified
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