Multiple Choice
If the consumption function is defined as C = 5,500 + 0.9Y,what is the value of the multiplier?
A) 0.l
B) 0.9
C) 6.1
D) 10
Correct Answer:
Verified
Correct Answer:
Verified
Q272: Autonomous expenditure times the multiplier equals<br>A)autonomous saving.<br>B)autonomous
Q273: When Jack's income increases by $5,000,he spends
Q274: An increase in the price level in
Q275: Investment spending will decrease when<br>A)the interest rate
Q276: A decrease in the real interest rate
Q278: An unplanned increase in inventories results from<br>A)an
Q279: _ in taxes will decrease consumption spending,and
Q280: Which of the following is true?<br>A)National income
Q281: Table 12-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 12-4
Q282: Table 12-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 12-1