Multiple Choice
If the MPC is 0.80, then a change in disposable income of $60 billion will lead to an initial change in consumption of
A) $30 billion.
B) $42 billion.
C) $48 billion.
D) $60 billion.
E) $70 billion.
Correct Answer:
Verified
Related Questions
Q113: Anna enters the workforce after being unemployed
Q114: An increase in stock prices will be
Q115: According to the relationship represented by the
Q116: If income in Austria decreases by 30
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents