Multiple Choice
If the consumption function is defined as C = 7,250 + 0.8Y, what is the marginal propensity to save?
A) 0.2
B) 0.8
C) 5.8
D) 7.25
E) $1,425
Correct Answer:
Verified
Correct Answer:
Verified
Q5: If planned aggregate expenditure is above potential
Q7: Figure 8.2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Figure 8.2
Q8: Figure 8.3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Figure 8.3
Q10: Figure 8.4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Figure 8.4
Q11: Table 8.11 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Table 8.11
Q13: If national income increases by $20 million
Q14: Figure 8.5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Figure 8.5
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