Multiple Choice
Assuming there is no government or foreign sector, [1 / 1-MPC] represents
A) the multiplier.
B) break even income.
C) the consumption function.
D) the saving function.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q31: Refer to the information provided in Table
Q32: Y = C + I even when
Q33: Refer to the information provided in Table
Q34: Which of the following is not an
Q35: When planned spending exceeds output, there is
Q37: As interest rates rise, spending decreases.
Q38: Refer to the information provided in Figure
Q39: Refer to the information provided in Figure
Q40: Refer to the information provided in Figure
Q41: If the MPS is 0.1, then the