Multiple Choice
If the marginal propensity to save is 0.1,then a $10 million decrease in disposable income will
A) increase consumption by $9 million.
B) increase consumption by $1 million.
C) decrease consumption by $9 million.
D) decrease consumption by $1 million.
Correct Answer:

Verified
Correct Answer:
Verified
Q104: Given the equations for C,I,G,and NX below,what
Q105: The National Restaurant Association states that the
Q106: For all points above the 45 degree
Q107: If the economy is currently in equilibrium
Q108: Consumption is $5 million,planned investment spending is
Q110: Household wealth is defined as the value
Q111: The components of aggregate expenditure are<br>A)consumption,actual investment,and
Q112: What are the five main determinants of
Q113: If planned aggregate expenditure is greater than
Q114: Macroeconomic equilibrium can occur at any point