If an economy's MPC is 0.7, then an increase in government spending of $2000 will increase by:
A) $2857
B) $6667
C) $3000
D) $7000
Correct Answer:
Verified
Q3: The ratio of the change in the
Q4: The fraction of a change in income
Q5: Which of the following is NOT a
Q6: The MPW is:
A) the ratio of income
Q7: When the aggregate expenditure curve is above
Q9: Which of the following is NOT a
Q10: Structural unemployment is the:
A) unemployment that results
Q11: If an economy's MPC is 0.8, then
Q12: When total injections are less than total
Q13: The tendency for investment to increase when
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